Completion of the strategic combination between Novacap and PCAS
Today, Novacap acquired blocks of shares representing a total of 51.80% of PCAS’ share capital and 50.96% of its voting rights. PCAS Central Works Council issued an opinion on 15 June 2017 in favor of Novacap taking control of PCAS. Then, the French, Irish, Austrian and German competition authorities delivered the authorization for the transaction. The blocks of shares were acquired at the price of 17 euros per share (including the outstanding dividend balance due in respect of the financial year ended 31 December 2016).