(CercleFinance.com) – Bouygues announced Monday that it had obtained approval from the AMF for its public buyout offer followed by a compulsory buyout on Colas, an operation it had initially formalized in September.
As part of the simplification of its capital structure, Bouygues had expressed its intention to file a takeover bid for Colas shares that it does not hold at a price of 175 euros per share.
For the moment, the conglomerate holds 96.8% of the capital and 98% of the voting rights of its road construction subsidiary.
The takeover bid having been declared compliant by the AMF, the offer will be open for a period of 10 trading days, after which a squeeze-out procedure will be implemented.