Tanoira Cassagne advises Meranol in its mandatory tender offer (OPA)


Tanoira Cassagne advises Meranol in its mandatory tender offer (OPA)

PR Meranol OPA

Tanoira Cassagne Abogados advised Meranol S.A.C.I. (“Meranol” or the “Company”) in its mandatory tender offer (OPA) in connection with the voluntary withdrawal from the Public Offering Regime of Shares (the “Offer”).

The Offer was addressed to all minority shareholders who have ordinary shares, with a nominal value of one peso ($ 1) each and one vote per share, free and exempt from any encumbrance or pledge and that are not directly or indirect owned from the Company at the time of the Offer.

The Offer was approved by the Comisión Nacional de Valores (CNV) on December 3rd, 2020.

The offering period ended on January 21, 2021 and 18 shareholders who held 184,458 shares (more than 98%) of the Company accepted the Offer at a price of AR$ 50 per share.

The settlement date of the Offer was January 26, 2021 and the amount to be paid for the shares was $ 9,222,900.

Meranol is a chemical company of German origin based in Argentina, dedicated to the production and commercialization of industrial chemical products. The Company will continue under the supervision of the CNV under the Pyme regime to eventually issue notes under the current debt program.

Offer Agents: StoneX Securities S.A. and Banco de Valores S.A.

Guarantee Agent: Banco de Valores S.A.,

Legal counsel to the transaction: Tanoira Cassagne Abogados: Partners Alexia Rosenthal and Jaime Uranga and Associates Ignacio Nantes and Mariana Troncoso.