The Moroccan Capital Market Authority (AMMC) has declared admissible the draft public purchase offer (OPA) initiated by the company Veolia Environnement SA on Lydec shares.
“The AMMC declares admissible the draft public tender offer initiated by the company Veolia Environnement SA acting in concert with the company Sonate Bidco, on Lydec shares at a unit price of 270 dirhams”, indicates the Authority on Monday in a opinion.
This operation will concern all the shares of Lydec, i.e. a total of 8,000,0000 shares representing 100% of the capital and voting rights of Lydec, informs the AMMC, noting that the shareholders of Lydec will have the possibility of tender, in whole or in part, their shares to the offer.
The final schedule of the operation will be set later and must be validated by the Casablanca Stock Exchange beforehand, underlines the AMMC, adding that it will ask the Casablanca Stock Exchange to resume the quotation of the value of Lydec on March 15.