Member Content
Looking good on your laptop

NIBC in advanced discussions on possible cash offer

NIBC Holding N.V. (“NIBC”) announces that it has received a firm proposal from The Blackstone Group International Partners LLP (together with its affiliates, as the context requires, “Blackstone”) regarding a potential voluntary public offer by a newly incorporated company owned by investment funds advised by Blackstone for all the issued and outstanding shares of NIBC, not owned by J.C. Flowers & Co (“JCF”) and Reggeborgh Invest B.V. (“Reggeborgh”), at an offer price of EUR 9.85 (cum dividend) per share, to be paid fully in cash on completion (the “Potential Transaction”).

The Potential Transaction is supported by NIBC’s two largest shareholders, JCF and Reggeborgh, representing 60.6% and 14.6% of the shares respectively. Each intend to sell their full shareholding in NIBC in separate conditional private transactions with Blackstone, at agreed fixed prices per share (cum dividend), being EUR 8.93 per share for JCF and EUR 9.65 per share, a 2% illiquidity discount to the potential offer, for Reggeborgh.

Discussions between NIBC and Blackstone are at an advanced stage. The NIBC Management Board and Supervisory Board are exploring the feasibility and merits of the potential transaction and in light of their fiduciary duty will take the interests of all stakeholders, including the minority shareholders, into full consideration. For the avoidance of doubt, there can be no assurance that any transaction will materialise from these discussions and negotiations. Further announcements will be made if and when required.

This is a public announcement by NIBC pursuant to section 17 paragraph 1 of the European Market Abuse Regulation (596/2014). This public announcement does not constitute an offer, or any solicitation of any offer, to buy or subscribe for any securities in NIBC. This press release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.

Share this Article
Related Insights
Since 2014, Holland FinTech has been mapping the fintech landscape, in the Netherlands and abroad.
Landing in the Netherlands
New to the Netherlands? Want to know who is who and where to meet them? Read all about the Dutch market, and find your path to successful market access!
Amsterdam Fintech Week
Amsterdam FinTech Week is back on 12-15 September! Be a sponsor, co-organizer, or just participate at the summit or one of the countless side events.

How likely are you to recommend Holland FinTech?