Camlin Fine Science Completes Acquisition of Majority Stake in Vinpai at €3.60 per Share
Camlin Fine Science Limited (CFSL) has completed the acquisition of a majority stake in Vinpai, securing 78.68% of the company's share capital at a price of EUR 3.60 per share. CFSL also plans to convert its recently issued convertible bonds, which will increase its holding to 83.82% of Vinpai's share capital and 80.86% of voting rights. Following these steps, CFSL intends to launch a simplified cash tender offer for all remaining Vinpai shares at the same price of EUR 3.60 per share and may subsequently implement a squeeze-out process if conditions allow. This update follows previous communications regarding the transaction.
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