4iG shareholders reject buyout offer

Deals

4iG

No shareholders of IT company 4iG accepted the mandatory public purchase offer for remaining shares made by a consortium of companies and funds controlled by the investor Lőrinc Mészáros by the August 21 deadline, the companies concerned announced on the website of the Budapest Stock Exchange (BÉT) on Tuesday.   

Opus Global, Repro I Private Equity Fund, Konzum PE Private Equity Fund, and Konzum Investment Fund Management (the fund manager of Repro I and Konzum PE) announced the mandatory public purchase offer in June for 1.88 million shares of 4iG, with face value of HUF 1,000. The offer was made at a price of HUF 2,942 per share, the statutory minimum, recalled state news agency MTI. 

Opus Global and its partners together hold 33.57% of 4iGʼs shares at present, but have reached agreements with other shareholders to raise that stake to 50.28%.

Opus Global wants to transfer to 4iG its 24.67% stake in Takarékinfo, which provides Hungaryʼs integrated savings cooperatives with IT and telecommunications support, with the aim of capitalizing on the two companiesʼ synergy. 

Shares in 4iG shares closed at HUF 3,500 on Tuesday.

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