The final results of Loxam’s offer to acquire Ramirent have confirmed that the shares tendered in the offer represent about 96.25% of all Ramirent shares.
As this satisfies the minimum acceptance condition of the original offer, Loxam has announced that it will complete the offer.
Gérard Déprez, President and CEO of Loxam, said, “Loxam is pleased to officially announce that its offer to acquire Ramirent has been successful. Ramirent and Loxam will now join forces to build a pan-European leader in the equipment rental business, a financially resilient, highly complementary and geographically balanced business that can better serve its clients through its enhanced scale.”
He added, “I am very much looking forward to working closely with the talented and experienced management team and employees of Ramirent and welcoming them in the Loxam Group.”
In order to allow the remaining shareholders the possibility to accept the offer, Loxam has decided to commence a subsequent offer period. This will begin on 24 July and expire on 8 August.