BayWa AG

  • WKN: 519406
  • ISIN: DE0005194062
  • Land: Deutschland

Nachricht vom 07.02.2012 | 09:21

Prolongation of the tender offer period for the takeover of Turners & Growers by BayWa AG


BayWa AG / Key word(s): Miscellaneous

07.02.2012 / 09:21


Prolongation of the tender offer period for the takeover of Turners & Growers by BayWa AG

BayWa AG has prolonged the tender offer period for the takeover of Turners & Growers (T&G), New Zealand's leading distributor, marketer and exporter of premium fresh produce, until 7 March 2012. This is a planned and regular prolongation as the Overseas Investment Office (OIO), New Zealand's regulatory authority, is still in the process of approving for this transaction.

BayWa currently has the consent of the shareholders for the takeover of nearly 70 percent of the shares in T&G. The takeover offer must remain open until the OIO has concluded its assessment. The German Federal Cartel Office gave its approval for the takeover of T&G by BayWa back in December 2011.




Contact:
Marion Danneboom, BayWa AG, Head of PR/Corporate Communication,
tel. +49 (0)89/92 22-36 80, Fax +49 (0)89/92 22-36 98,
e-mail: marion.danneboom@baywa.de


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