HERACLES GENERAL CEMENT COMPANY S.A.
LAFARGE announces the acquisition of the NATIONAL BANK OF GREECE''S 26% share in HERACLES for Euro 321.6 million
Lafarge has announced the acquisition of approximately 18.5 million shares in Heracles from National Bank of Greece at a price of Euro 17.40 per share for a total consideration of Euro 321.6 million in cash.
As a result of this transaction, Lafarge will increase its ownership in Heracles from 52.7% to 78.7%. This transaction will be immediately EPS accretive.
Lafarge has no current intention to extend a voluntary tender offer to other Heracles shareholders.
As a result of this transaction, Lafarge will increase its ownership in Heracles from 52.7% to 78.7%. This transaction will be immediately EPS accretive.
Lafarge has no current intention to extend a voluntary tender offer to other Heracles shareholders.