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Refresco rejects PAI's unsolicited non-binding pro

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Post# of 301275
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Posted On: 04/12/2017 7:00:15 AM
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Posted By: News Desk 2018
Refresco rejects PAI's unsolicited non-binding proposal

Rotterdam, the Netherlands, 12 April 2017 - Refresco Group N.V. (Euronext Amsterdam: RFRG) has taken notice of the rumours in the market on a proposal by PAI Partners SAS (PAI). Refresco confirms that it received an unsolicited, indicative and conditional proposal from PAI on 6 April 2017 regarding a possible offer to acquire all 81.2 million issued shares in the company at an aggregate cash consideration of EUR 1,404 million.

The Executive Board and the Supervisory Board (together, the "Boards") of Refresco have, in line with their fiduciary duty, reviewed the proposal, taking into account the interests of all Refresco's stakeholders.

Refresco has informed PAI that the proposed terms and conditions did not merit any further investigation and have accordingly rejected the proposal.

For further information, please contact: Investor relations Marieke Palstra +31(10)4405164 marieke.palstra@refresco.com

About Refresco Group N.V. Refresco (Euronext: RFRG) is the leading independent bottler of soft drinks and fruit juices for retailers and A-brands with production in the Benelux, Finland, France, Germany, Italy, Poland, Spain, the UK and the US. The company realized in 2016 full year volumes and revenue of circa 6.5 billion liters and circa €2.1 billion, respectively. Refresco offers an extensive range of product and packaging combinations from 100% fruit juices to carbonated soft drinks and mineral waters in carton, PET, Aseptic PET, cans and glass. Focused on innovation, Refresco continuously searches for new and alternative ways to improve the quality of its products and packaging combinations in line with consumer and customer demand, environmental responsibilities and market demand. Refresco is headquartered in Rotterdam, the Netherlands and has about 5,500 employees.

Please open the link below for the press release:

Attachments:

http://www.globenewswire.com/NewsRoom/Attachm...feef2275b9



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