The Mexican group Ángeles and the two main faces of this group entered the capital of Espírito Santo Saúde (Health ES) in July and were reinforcing their positions in the Portuguese company until the launch of the public tender offer (OPA) on the ES Health, announced on Tuesday. The same strengthened shareholder Angeles on the eve of launching a bid position. At that time, already had a qualified stake in Portuguese company, but had not yet made known.
Only on Tuesday, in the prospectus of the takeover proposal, is that the group did Ángeles know that days before had come to have a qualified position in the Portuguese company, owner of the Hospital da Luz in Lisb oa, Hospital and Beatriz Angelo in Loures. The s details on the successive reinforcements of capital, however, only now were known.
The ES Health sent on Wednesday to the CMVM statement, dated yesterday, sent to you by Angeles group to clarify the qualifying holding assumed before the OPA.
August 13, Olegario Vázquez Aldir (Director General of Angeles and son of the founder and chairman of the board of directors of company) had 1.089% stake in ES Health, which amounted to 1.089% of the parent, Olegario Vazquez Rana, more than 0.009% Ángeles itself still bought in July. Aldir compou shares between July 18 and August 13 and in the latter days it was time for the father to take a position.
From this intersection of interests resulted in a qualified position Angeles group on 13 August. Altogether, the date, the participation directly and indirectly attributed to the Mexican group increased to 2,187%. The feed continued the following day.
When a company directly or indirectly, now holds more than 2% of the capital of a listed company, the transaction has to be reported to the CMVM, but has four days to do “after the day of the event or of his knowledge,” according to the Securities Code. The Angeles sent information on expiry of the deadline, the fourth working day, when the proposed takeover was consummated.
August 14, father and son returned to buy shares in equal numbers ( equivalent to 0.502% of capital each), increasing the group’s position to 3.191%. And earlier this week, even on the eve of the launch announcement of the proposed takeover, the Angeles would buy 0.1271% to 3.3181% by raising the position attributed to the company that launched the offer.
If implemented the purchase of ES Health, the deal represents the gateway of Mexicans in the health sector in Europe. The Empresarial Ángeles Group is offering 4.3 euros per share, representing a premium of 9% compared to the price of the company before the announcement of the takeover bid. The offer values the ES Health at EUR 410 million and is to Olegario Vázquez Aldir a high price.
Since the company entered on the stock exchange in February, the shares appreciated 33.5% , approaching the value proposed by Ángeles group. In the aftermath of the proposed IPO, the share price has appreciated 8.42%, rising to 4,275 euros in session this Wednesday.
The Director-General considers Angeles to offer “high and very competitive, far above the asking price [of Health ES] since this company went on an exchange. ” “The board of directors consider that it is a strategic project in Europe and, with our operational capacity, long-term vision and experience, we can make this important step to be a success,” he argued, quoted by the Mexican newspaper Dinero en Imagen (held by Ángeles group).
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