Saturday 22nd Oct 2016 - Logistics Manager

Salvesen shareholders back Dentressangle offer

Christian Salvesen shareholders have backed the takeover bid by Norbert Dentressangle.

Salvesen will now present a petition to the Court of Session in Scotland asking it to sanction a Scheme of Arrangement, which will enable Dentressangle automatically to acquire 100 per cent of the Salvesen shares.

The acquisition should be completed by 14 December 2007. It is expected that the last day of dealings in Salvesen shares will be 13 December 2007 and Salvesen shares will be delisted on 18 December 2007.

The operation is subject to review by the European Commission, in conformity with European regulations concerning concentrations.