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non-USA, by Country
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· Altadis
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Pays Euro 147 million for 80.75 % of the company
Jump to full article: La Bourse, 2004-11-04
Intro: On November 4th, Altadis has closed the acquisition of Balkan Star. All required authorisations having been granted, the Group acquired 80.75 % of Balkan Star for a consideration of Euro 147 million on a cash free, debt free basis.
The transaction is funded from existing Altadis credit facilities.
Altadis has extended the offer to the minority shareholders holding the remaining 19.25% of the share capital of Balkan Star on the same terms and at the same price per share that is paid to the controlling shareholders. That offer will be closed in December and is expected to bring Altadis shareholding very close to 100 %.
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