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Pargesa Holding SA (PARG) CHF20

Sell:72.05 CHF Buy:75.00 CHF Change: 0.40 CHF (0.54%)
Market closed |  Prices as at close on 7 August 2020 | Switch to live prices |
Takeover

Pargesa Holding SA CHF20

Type:
Takeover
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 27 May 2020)

What has happened?

 

The Boards of Pargesa Holding S.A and Groupe Buxelles Lambert (a wholly owned subsidiary of Parjointco Switzerland SA) have recently announced the terms of a Tender Offer. Under the terms of the Takeover holders of Pargesa Holding S.A Shares have been offered 0.93 of a Groupe Buxelles Lambert Share for each Share held. Please note the ratio of 0.93 may be reduced if additional Pargesa shares are issued before the offer is completed. 

 

What are my options?

 

Option 1 – Do nothing. You are not required to take any action at this time. Depending on the level of acceptance the bidder may seek to delist and/or compulsory acquire any remaining Shares at a later date.

 

Option 2 – Accept the Offer. You can give an instruction to receive 0.93 of a Groupe Buxelles Lambert Share for each Share held, subject to the amendment referred to above . Following receipt of your instruction your Shares would be submitted in acceptance of the Offer. The new Groupe Buxelles Lambert Shares will be credited to your Account upon receipt from the Registrar.


Any instruction must be received in this office by noon on Thursday 4 June 2020. If no instruction is received, your Shares will not be tendered and the Offer will lapse.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:72.05 CHF
Buy:75.00 CHF
Change: 0.40 CHF (0.54%)
Market closed |  Prices as at close on 7 August 2020 | Switch to live prices |
Takeover

Pargesa Holding SA CHF20

Type:
Takeover
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 27 May 2020)

What has happened?

 

The Boards of Pargesa Holding S.A and Groupe Buxelles Lambert (a wholly owned subsidiary of Parjointco Switzerland SA) have recently announced the terms of a Tender Offer. Under the terms of the Takeover holders of Pargesa Holding S.A Shares have been offered 0.93 of a Groupe Buxelles Lambert Share for each Share held. Please note the ratio of 0.93 may be reduced if additional Pargesa shares are issued before the offer is completed. 

 

What are my options?

 

Option 1 – Do nothing. You are not required to take any action at this time. Depending on the level of acceptance the bidder may seek to delist and/or compulsory acquire any remaining Shares at a later date.

 

Option 2 – Accept the Offer. You can give an instruction to receive 0.93 of a Groupe Buxelles Lambert Share for each Share held, subject to the amendment referred to above . Following receipt of your instruction your Shares would be submitted in acceptance of the Offer. The new Groupe Buxelles Lambert Shares will be credited to your Account upon receipt from the Registrar.


Any instruction must be received in this office by noon on Thursday 4 June 2020. If no instruction is received, your Shares will not be tendered and the Offer will lapse.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:72.05 CHF
Buy:75.00 CHF
Change: 0.40 CHF (0.54%)
Market closed |  Prices as at close on 7 August 2020 | Switch to live prices |
Takeover

Pargesa Holding SA CHF20

Type:
Takeover
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 27 May 2020)

What has happened?

 

The Boards of Pargesa Holding S.A and Groupe Buxelles Lambert (a wholly owned subsidiary of Parjointco Switzerland SA) have recently announced the terms of a Tender Offer. Under the terms of the Takeover holders of Pargesa Holding S.A Shares have been offered 0.93 of a Groupe Buxelles Lambert Share for each Share held. Please note the ratio of 0.93 may be reduced if additional Pargesa shares are issued before the offer is completed. 

 

What are my options?

 

Option 1 – Do nothing. You are not required to take any action at this time. Depending on the level of acceptance the bidder may seek to delist and/or compulsory acquire any remaining Shares at a later date.

 

Option 2 – Accept the Offer. You can give an instruction to receive 0.93 of a Groupe Buxelles Lambert Share for each Share held, subject to the amendment referred to above . Following receipt of your instruction your Shares would be submitted in acceptance of the Offer. The new Groupe Buxelles Lambert Shares will be credited to your Account upon receipt from the Registrar.


Any instruction must be received in this office by noon on Thursday 4 June 2020. If no instruction is received, your Shares will not be tendered and the Offer will lapse.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Business summary

Pargesa Holding SA is a Switzerland-based investment holding company engaged in various industry and services sectors, through its holdings in a number of operating companies. The Company’s investment portfolio consists of six shareholdings: Imerys, which operates in mineral specialties; Lafarge, which is a producer of building materials; Total, which is an integrated oil and gas group; GDF Suez, which is a reference energy group in electricity, gas and services; Suez Environnement, which operates in the water and waste sectors, and Pernod Ricard, which operates in wines and spirits market. The Company is organized, along with its subsidiaries, into two segments: the Holding segment is focused on the management of investments, and the Imerys segment comprises the Imerys group, which holds positions in each of its four business groups: Minerals for Ceramics, Refractories, Abrasives & Foundry; Performance Minerals & Filtration; Pigments for Paper and Packaging; Materials & Monolithics.

Contact details

Address:
11, Grand-Rue
GENEVE
1204
Switzerland
Telephone:
+41 (22) 8177777
Website:
www.pargesa.ch/

Important dates

Future events
There are no future events available.
Past events
There are no past events available.

General stock information

Short code:
PARG
ISIN:
CH0021783391
Market cap:
5.77 billion CHF
Shares in issue:
84.70 million
Sector:
Multi-Sector Holdings
Exchange:
SIX Swiss Exchange
Country:
Switzerland
Currency:
Swiss Franc
Indices:
Swiss All Share Index

Key personnel

  • Paul Desmarais
    Chairman of the Board
  • Gerald Frere
    Deputy Chairman of the Board
  • Mark Keller
    Financial Director
  • Mariane Le Bourdiec
    Managing Director

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Business summary, contact details and key personnel provided by Thomson Reuters. Important dates provided by Digital Look Ltd. General stock information provided by Reuters.

Share

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.