Libyan Investment Authority plans to take stake in Wienerberger AG
According to the Press Release, “Agreement with the Libyan Investment Authority to acquire up to 11.8 million shares as part of the capital increase Wienerberger has entered into an agreement with the Libyan Investment Authority (“LIA”), an investment fund of the Libyan state, pursuant to which LIA has committed to acquire, as part of the capital increase, up to 11.8 million shares of Wienerberger (representing up to 10 % of the outstanding shares after the capital increase) at the subscription price. LIA may acquire the new shares by means of subscription rights acquired in the rights offering or in the placement of new shares for which subscription rights are not exercised in the rights offering. LIA is a long-term investor and holds interests in a variety of international industrial enterprises. LIA has agreed not to sell, within a period of one year, any shares acquired in the capital increase provided its participation in Wienerberger after the capital increase reaches at least 5%. In addition, it was agreed that LIA shall, without the consent of Wienerberger, not acquire more than 15% in Wienerberger’s share capital for a two year period.”
read more: Wienerberger AG
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