Dimesilia Holdings Ltd announced on October 24 the offer they made for buying all RusForest shares at a price of SEK 2.12 in cash per share.
The independent committee of RusForest AB has unanimously recommended the shareholders to accept the unsolicited public offer of Dimesilia. This statement is made by the independent committee of RusForest pursuant to section II.19 of the rules concerning takeover rules for certain trading platforms (MTF's) as adopted by the Swedish Corporate Governance Board and Nasdaq First North.
Dimesilia has already declared that it bought shares in RusForest during the six months prior to this announcement, at a price not higher than SEK 2.05 per share, and held approximately 15.6% of the shares and the votes in the Company.
Dimesilia also added that the offer they made is governed by the Takeover Rules and the Swedish Securities Council's rulings regarding interpretation and application of the Takeover Rules. The total value of the offer stands up to approximately SEK 233,747,636 (EUR 23.5 million).
While the offer was made public on the 24th of October, the acceptance period commenced on 25 October 2016 and is expected to end on 21 November 2016. Moreover, the settlement is expected to commence around 23 November 2016.
About RusForest AB
RusForest is a Swedish forestry company operating in Eastern Siberia. The company controls long-term timber leases and utilizes these resources to produce a wide range of sawnwood products and wood pellets.
About Dimesilia Holdings Ltd
Dimesilia Holdings Ltd was established in 2014 with the purpose of investment activity on M&A and private equity markets in Europe. The company operates with its own funds, as well as with borrowed funds, acting as a strategic investor with a long-term investment horizon. The company focuses mainly on financial, energy and timber industries. The company is owned by a group of Russian investors, which is closely related with a middle-sized financial holding operating in Russia, with CentroCredit Bank as a core asset. The bank is among leading private investment boutique banks in Russia, operates since 1989, is ranked by S&P, audited by Ernst & Young.
