on EEII AG (isin : CH0007162958)
EEII AG Cancels Planned Investment in Grupo Alves Bandeira
EEII AG announced the cancellation of its intended investment in Grupo Alves Bandeira (GAB). The decision followed the rejection of EEII AG's takeover offer by GAB's shareholders. EEII AG determined that increasing the offer would not align with its shareholders' interests.
The company's strategy to establish itself as a significant player in Europe’s energy infrastructure sector remains unchanged. EEII AG is actively assessing other investment opportunities and will update its shareholders if any negotiations result in a new venture.
This announcement underscores EEII AG’s commitment to shareholder value and strategic positioning in the energy sector.
R. H.
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