Prager Dreifuss AG is advising Attestor Limited and Trinity
Investments DAC (Attestor") in connection with the acquisition
of the listed car-rental service Europcar Mobility Group. The
takeover offer was launched in July 2021 by Green Mobility Holding
S.A., which is held by Attestor (27%), Volkswagen AG (66%) and Pon
Holdings B.V. (7%) (the Consortium").
The Consortium's takeover offer received antitrust clearance by
the European Commission on 25 May 2022. On 10 June 2022, the
Autorité des Marchés Financiers (AMF") announced
that the offer had reached 87.3%, thereby well exceeding the
minimum acceptance threshold of 67%. On 5 July 2022, the AMF
announced that 93.4% of the shares were tendered during the
supplemental period. As previously announced, the offer price thus
increased from EUR 0.50 to EUR 0.51 per share, resulting in a
transaction value of EUR 2.9 bn. Reaching the threshold of 90% now
allows the Consortium to implement the squeeze-out
proceedings.
Prager Dreifuss (Daniel Hayek, Laura Richenberger) advised Attestor
on corporate, capital markets and commercial aspects of this large
cross-border transaction. Attestor is an owner-managed investment
fund specialized on turnaround and distressed-debt situations.
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