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Augean plc - auction results

23rd Sep 2021 07:00

RNS Number : 6852M
Takeover Panel
22 September 2021
 

2021/19

OFFERS BY

 

Antwerp management limited, A COMPANY INDIRECTLY OWNED BY FUNDS MANAGED OR ADVISED BY morgan stanley infrastructure inc., an indirect subsidiary of morgan stanley,

("MSIP")

 

AND

 

eleia limited, A COMPANY indirectly owned by a consortium consisting of investment funds managed by ancala Partners llp and fiera infrastructure inc.,

("eleia")

 

for

 

augean plc ("augean")

On 16 September 2021, the Panel Executive announced that, in accordance with Rule 32.5 of the Takeover Code, it had established an agreed auction procedure (the "Auction Procedure") for the resolution of the competitive situation in relation to Augean.

The Auction Procedure has ended and the offers of MSIP and Eleia following its conclusion are as follows:

 

MSIP:

361 pence per Augean ordinary share

 

Eleia:

372 pence per Augean ordinary share

 

 

 

22 September 2021

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