Exacompta makes offer for Biella
| 18 March, 2019
Exacompta has published an offer for the takeover of Biella-Neher Holding SA, registered in Switzerland.
The acquisition of Biella by Exacompta is intended to allow the two companies to pool their resources in order to consolidate and strengthen their positions in the market. The Biella Board of Directors unanimously approved the takeover bid and recommends that Biella shareholders accept Exacompta's tender offer.
The tender offer is subject to a 75% minimum acceptance rate approval by all relevant supervisory and competition authorities and other customary conditions.