Lafarge Beton to announce a bid for PCLA shares

Lafarge Beton to announce a bid for PCLA shares
Published: 10 February 2004

Lafarge Beton Bratislava, a minority shareholder in cement producer Povazske Cementarne Ladce (PCLA) has decided to announce a competing takeover bid for PCLA shares. This bid should be in response to an already announced takeover bid of a PCLA majority shareholder, Berger Slovakia, a.s. "The whole process is still subject to Financial Market Office (UFT) approval," said authorized representative of Lafarge Beton, Marian Kolnik. He added that the price offered for the PCLA shares is also subject to approval. Berger Slovakia, a subsidiary of German construction company Berger Holding GmbH, announced a mandatory bid to buy PCLA shares on January 23. The bid applies to common bearer shares in book-entry form and the takeover price is SKK 828. The bid expires in thirty days from the day of its announcement.