MOL RES Investments Zrt., which is exclusively owned by Mol, made an offer for Alteo’s shares, the public purchase offer procedure was closed on March 13, 2023.
On December 16, 2022, MOL RES Investments, the Főnix Private Equity Fund and the Riverland Private Equity Fund entered into a coordination agreement, and MOL RES Investments was appointed to make the mandatory public purchase offer.
The shareholders offered a total of 2,438,442 Alteo shares to MOL RES Investments in the framework of the public takeover bid procedure, which corresponds to 12.237 percent of voting rights in Alteo. The public takeover offer is successful.
The consideration for the offered shares will be paid within the deadline specified in the mandatory public purchase offer.
MOL RES Investments will acquire 4,902,536 shares, Főnix Private Equity Fund 4,902,535 shares, and Riverland Private Equity Fund 4,902,535 shares, so the combined influence of the contracting parties in Alteo will increase from 9.993 percent to 73.812 percent (the direct influence of MOL RES Investments from 3.331 percent to 24.604 percent, the direct influence of the Főnix Private Equity Fund will increase from 3.331 percent to 24.604 percent, and the direct influence of the Riverland Private Equity Fund will increase from 3.331 percent to 24.604 percent).
Alteo’s shares have fallen 9 percent this year.