Fomento Economico Mexicano SAB de CV & Valora Holding AG Transaction Local Call Transcript
Hello. Yes. Ready to go.
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(foreign language) Good Morning. (foreign language) from FEMSA and Valora. (foreign language) Salvador Alfaro, CFO of FEMSA, Proximity Division; (foreign language) from Valora (foreign language) Sascha Zahnd and Michael Mueller. (foreign language)
Okay. Let me now talk a little bit about the transaction. And as you see, we have announced our intention to launch a tender offer to purchase all of Valora listed shares at a price of CHF 260 per share, which is 57% higher than the average price during the past 60 days and 52% higher than yesterday closing price. Mr. Ernst Peter Ditsch, Valora's major shareholder, has agreed to the terms of the offer and has committed to tender all his shares into this offer. Valora's Board has received a fairness opinion and they have agreed to recommend shareholders to accept the tender offer as well. The prospectus will be published around July 20. The
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