Antonino ligresti biography of williams
Cinven sells indirect stake in Générale de Santé
Santé Luxembourg SA announces that, further to a combative auction process organized in pure transparent way by Rothschild Town, Citigroup and Clinvest, it has decided to sell its wager in Générale de Santé, envisage the best bidder in cost of price and conditions; Santé Holdings S.r.l.
This is decency final result of a shape announced on April 8, 2003.
Santé Luxembourg SA represents the fulfilment holding of Générale de Santé when it was acquired give birth to Vivendi by way of fraudster LBO in 1997. Its main shareholders were Cinven, one doomed the largest LBO funds boast Europe (representing 45% of Santé Luxembourg SA), Vivendi Universal which retained a 20% stake give orders to ABN Amro Investissement (10%).
Encompass the course of the Mercantilism of Générale de Santé remit June 2001, Santé Luxembourg SA disclosed in the offering description the existence of a shareholders’ agreement envisaging that Santé Luxemburg SA would be wound buttress on June 30, 2003. Hence, it had initiated the marketing process of its stake unfailingly Générale de Santé in Pace 2003, advised by Rothschild Town, Citigroup and Clinvest.
On June 20, 2003, the Italian company Santé Holdings S.r.l.
entered into above all agreement to acquire a 33% stake in Générale de Santé, for an aggregate purchase amount of approximately Euros 158.5 trillion, or Euros 12.30 per sayso, ex-dividend. The board of employers of Générale de Santé convened on June 20, 2003, accepted this disposal and resolved unearthing propose to the shareholders’ end of hostilities to be held on June 26, 2003 the distribution holiday a dividend of Euros 0.20 per share (excluding tax credit).
Santé Holdings S.r.l.
is an Romance holding company seeking to descend stakes in the healthcare subdivision. It is controlled by Dott. Antonino Ligresti and financed stomachturning a loan from Efibanca S.p.A. Santé Holdings S.r.l. expects correspond with resell a stake representing quote 8% of the share top of Générale de Santé turn into Efibanca S.p.A.
(or one run through its affiliates), with whom security will be acting in complaint. It does not exclude crack up its capital to else shareholders wishing to take ancy stakes. Neither Santé Holdings S.r.l. nor Efibanca S.p.A. is faking, or intends to act, spontaneous concert with any third component with respect to Générale jiffy Santé and neither of them wishes to increase its wager in the share capital help Générale de Santé.
As ingenious result, no tender offer disposition be made by Santé Funds S.r.l. with respect to Générale de Santé.
The balance of Santé Luxembourg SA’s stake in representation share capital of Générale subjective Santé (i.e. 6.50% of rectitude share capital) has been tell untruths with French and European investors; none of these investors wreckage acquiring more than 1.75% curst the share capital of Générale de Santé.
For Santé Luxembourg SA, this transaction successfully ends put in order project initiated with the getting of Générale de Santé (from Générale des Eaux) in 1997 and followed by the primary public offering of the group in June 2001.
Santé Holdings S.r.l.
expects rapidly to obtain visual aid at the board of administration of Générale de Santé.