Approval of the amended tender offer for Waberer’s shares has been suspended

By: Trademagazin Date: 2022. 09. 22. 08:29

The approval of the amended purchase offer for Waberer’s shares by the regulatory authority has been suspended until a decision is made on the acquisition of qualified influence over Wáberer Hungária Biztosító Zrt., which belongs to the Waberer’s Group, the listed Waberer’s International Plc announced on the website of the Budapest Stock Exchange (BSE) on Thursday.

Results have improved

For the purchase of Waberer’s shares, four companies originally made a public offer – as persons acting in concert – on July 1, 2022. Among them, High Yield Vagyonkeszela Zrt., as the owner of 20 percent of Waberer’s, and MHB Optimum Zrt., as the owner of 21 percent of Waberer’s, modified their offer on September 19. Pursuant to the amendment, Trevelin Holding Zrt. and Geraldton Invest Zrt. were removed from the range of coordinated bidders, but they remain part of the coordination agreement as non-bidders.