Following the closing of the tender offer for the outstanding shares, Allianz SE will hold (directly and through its subsidiary Allianz Holding France SAS) 178,030,698 shares - representing 92.18 percent of AGF share capital and voting rights - of its French subsidiary AGF. This is based upon an announcement today of the French stock market authority Autorité des Marchés Financiers (AMF).
Taking into account 6,199,392 treasury shares held by AGF representing 3.21 percent of the share capital, minority shareholders will hold 8,895,695 shares representing 4.61 percent and therefore less than five percent of the AGF share capital and voting rights following the tender offer. As stated already in the tender offer document, Allianz SE intends to launch a squeeze-out procedure pursuant to the conditions set forth in the General Regulations of the AMF. The conditions for the squeeze-out and the consideration will be announced as soon as the squeeze-out document has been filed with the AMF.
"The success of this offer is another step towards the implementation of our strategy to simplify group structures and thereby improve competitive positions, which is also in the interest of our customers", commented Paul Achleitner, member of the board of Allianz SE.
Allianz achieves its goal with tender offer for AGF
Disclaimer
This press release may not be distributed or sent into, any jurisdiction where it would be unlawful. The distribution of this communication may be restricted by law in certain other jurisdictions. Accordingly, persons in whose possession it comes are required to inform themselves of and observe any such restrictions.
This is not an offer to sell or buy (or the solicitation of an offer to buy or sell) any securities in any jurisdiction, including the United States of America.
The offer document as well as the document in response have been published and are available on the AMF’s website (www.amf-france.org).
Forward-Looking Statements
Certain statements made in this communication are forward-looking statements. Although Allianz’s management believes that the expectations reflected in such forward-looking statements are reasonable, readers are cautioned that these forward-looking statement by their nature involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. Many factors could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements, including those listed in our Annual Report on Form 20-F filed with the SEC on April 6, 2006. We undertake no obligation to update forward-looking statements.