(Boursier.com) — The action Sapmer collapsed by almost 10% on the stock market, returning to 8.35 euros, in a limited volume of 219 shares traded. Jaccar Holdings announced the acceptance of the takeover offer from Sapmer SA proposed by its shareholder Cana Tera, the holding company owned by Jacques de Chateauvieux.
This offer consists in particular of the takeover by Cana Tera of 94.4% of Sapmer Investissements, a company controlling 90% of the shares of Sapmer SA, accompanied by a guarantee of coverage of capital increase in cash of 20 ME and the benefit of a memorandum of understanding with the banks of Sapmer SA.
This protocol provides in particular for a two-year repayment moratorium on Sapmer SA’s long and medium-term debt followed by the spread of repayments over a period of 5 years..
Following the capital increase on which the board of directors of Reunion Island will be called upon to decide very soon, there will be no change of control of the company.
This capital increase, in addition to strengthening its own funds, will enable Sapmer to initiate an ambitious investment program which will notably aim to renewal of its longline fleet. The construction of these innovative ships aims in particular to contribute to the safety and working comfort of crews, to the preservation of the environment, to the energy sobriety of the fleet, to operational efficiency and to the optimization of the valorization of fishery products.
“The solution proposed by Cana Tera makes it possible to satisfy the proposed sale of the company Sapmer SA by Jaccar Holdings while maintaining continuity for the company, a reinforced presence in Reunion and the integrity of its activities” declares Jacques de Chateauvieux, President of Cana Tera. “In fact, the guarantee of coverage of the capital increase could be given thanks to the mobilization of institutions, entrepreneurs and Reunionese families who wanted to ensure the sustainability of an emblematic company of the territory”.
Remember that the market capitalization of Sapmer is currently 29.21 ME.
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