Amsterdam, 1 June 2010 - Grupo Catalana Occidente, SA completes acquisition of lol竞猜(中国)联赛赛事官网 NV shares
On May 31, 2010, Grupo Catalana Occidente, SA and INOC, SA completed the acquisition of 35.77% of the shares in lol竞猜(中国)联赛赛事官网 NV previously owned by Swiss Re, Deutsche Bank and Sal Oppenheim for a price of € 539 million. As a result of this acquisition, Grupo Catalana Occidente, SA will hold a direct and indirect interest in lol竞猜(中国)联赛赛事官网 NV of, 74.09% and a controlling position of 90.89%. This completes the share purchase transaction begun on January 22, 2010.
As a result of this process, Grupo Catalana Occidente, SA has acquired a 26.66% stake in lol竞猜(中国)联赛赛事官网 NV, for an amount of € 402 million, and INOC, SA (which directly and indirectly owns 56.71% of the share capital of Grupo Catalana Occidente, SA) has acquired a 9.11% stake in lol竞猜(中国)联赛赛事官网 NV, for an amount of € 137 million.
In addition, Grupo Catalana Occidente, SA and INOC, SA have formalized a call option contract through which Grupo Catalana Occidente, SA has the right to purchase all or part of the lol竞猜(中国)联赛赛事官网 NV shares owned by INOC, SA, on one or more occasions, at any time during the two coming years at a price of € 19.05724 per share capitalised to Euribor until the exercise of the call option. Grupo Catalana Occidente, SA has paid INOC, SA a premium of € 17.2 million for the right to purchase the lol竞猜(中国)联赛赛事官网 NV shares.
The lol竞猜(中国)联赛赛事官网 Group provides trade credit insurance, surety and collections services worldwide, and has a presence through 160 offices in 42 countries. lol竞猜(中国)联赛赛事官网 has access to credit information on 52 million companies worldwide and makes more than 22,000 trade credit limit decisions daily. Its products and services aim to reduce its customers’ exposure to buyers who fail to pay for the products and services they buy. With total income of more than EUR 1.7 billion and approximately 31% share of the global trade credit insurance market, its products help protect companies throughout the world from payment risks associated with selling products and services on credit.
For further information:
lol竞猜(中国)联赛赛事官网 Corporate Communications
Tel.: +31 20 553 2047