Joma Industrial Source Corp: Makes Mandatory Offer for C.A.T. oil AG at 15.2 Eur a Share
Today, JOMA INDUSTRIAL SOURCE CORP., which is a company indirectly owned by the French veteran oil manager Maurice Dijols, has published – after acquiring a controlling interest – its mandatory offer to the shareholders of C.A.T. oil AG headquartered in Vienna. The offer document was approved by by the German Federal Financial Supervisory Authority (BaFin). C.A.T. oil AG is listed on the Frankfurt Stock
Exchange.
– Offer price: EUR 15.23 per share in cash
– The mandatory offer is addressed to all C.A.T. oil AG shareholders
– Acceptance period from 11 December 2014 to 8 January 2015, 24.00 hrs.
– The offer underpins the intention of the strategic investor to gradually further develop the listed company
The price for one share of C.A.T. oil AG under the mandatory offer is EUR 15.23 in cash. This corresponds to the weighted average domestic stock price of C.A.T. oil calculated by BaFin for the last three months before the day on which the acquisition of the controlling interest was announced on 31 October 2014.
JOMA INDUSTRIAL SOURCE CORP. announced on 31 October 2014 that it had acquired an indirect controlling interest in C.A.T. oil AG on 27 October 2014. The mandatory offer is addressed to all C.A.T. oil AG shareholders. The acceptance period for the mandatory offer starts with today’s publication of the offer document and ends on 8 January 2015 at 24 hrs. (CET).
“With this offer, I want to stress my intention to secure the future of C.A.T. oil in its traditional markets, also together with the current holders of the free floating shares, and to acquire new potentials in the interest of the company, its employees, customers and shareholders. To this end, talks with the management board of C.A.T. oil AG will start very soon,” commented Maurice Dijols, the indirect sole owner of JOMA INDUSTRIAL
SOURCE Corp., on his mandatory offer. The details of the offer, which will be made pursuant to German law and in cash, are available in the offer document that can be downloaded from the website www.jomaoffer.de.
The indirect acquisition of the controlling interest in C.A.T. oil AG was carried out by exercising an option for the complete acquisition of Skible Holdings Limited, an indirect C.A.T. oil shareholder, by JOMA INDUSTRIAL SOURCE CORP. on 27 October 2014. According to recent statements, the legality of the acquisition of the controlling interest is no longer being questioned by representatives of the former owner of
Skible Holdings.
The new majority shareholder JOMA INDUSTRIAL SOURCE CORP. will give C.A.T. oil AG a substantial boost in industry know-how in its core markets, especially in Russia and Kazakhstan. The person behind JOMA and the two further companies involved in the transaction, M.A.S. Holding AG and Singinvest Asian Fund, is Maurice Dijols, a top manager with many years of experience at the worldwide largest oil exploration and oil field services company, Schlumberger Limited. Dijols had held minor investments in C.A.T. oil also before taking over the controlling interest.
