Bouygues: AMF approves takeover bid for Colas
As part of the simplification of its capital structure, Bouygues had indicated its intention to file a takeover bid for the Colas shares it does not hold, at a price of 175 euros per share.
At present, the conglomerate holds 96.8% of the capital and 98% of the voting rights in its road construction subsidiary.
As the takeover bid has been declared compliant by the AMF, the offer will be open for 10 trading days, after which a squeeze-out procedure will be implemented.
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