Press Release August 25th 2015

Press Release August 25th 2015

Publish date: 25/08/2015

Mitsubishi Electric enters into agreement to

acquire majority interest in DeLclima

  • Acquisition in cash of shares representing approximately 74.97% of DeLclima’s share capital
  • €4.44 per-share price, subject to increase estimated at approximately €0.07 per share
  • Closing of transaction subject to receipt of clearance from antitrust authorities
  • No third party financing required to fund the acquisition
  • After closing, Mitsubishi Electric will launch a mandatory tender offer in order to acquire the remaining shares representing approximately 25.03% share capital of DeLclima