Following the announcement of the proposed merger between Colonial and its 98.24%-owned subsidiary SFL, the Boards of Directors of the two companies set the exchange parity at thirteen Colonial shares for one SFL share, and the exit price at €77.5 per SFL share (coupon attached). The exit price would be adjusted by the amount of the 2024 dividend, voted before completion of the merger. "The exchange parity and the exit price were determined on the basis of a multi-criteria valuation," state the two companies in a press release.
Colonial and SFL merger project moves a step closer
Completion of the merger is scheduled for the second half of 2025
By Benoît Léger
Business Immo
February 19, 2025 | 8:49 AM
This is a machine translation. Automated translations are intended solely as a convenience and are not legally binding.
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