Fairness Opinion for the Board of Directors of Orascom to assess the financial adequacy of the voluntary public purchase offer for all outstanding registered shares of Orascom Development Holding AG by its main shareholder LPSO Holding Ltd.

Member IFBC
Sector Consumer
Date completed 17.12.2024
Client Orascom Development AG
Country Switzerland
Acquirer LPSO Holding
Country -

On 17 December 2024 Orascom Development Holding AG (ODH) announced that LPSO Holding Ltd. (LPSO) launched a voluntary public tender offer for all publicly held registered shares of ODH with the publication of an offer prospectus. LPSO is the primary holding company of the Sawiris family, the majority shareholder group of ODH who already holds in aggregate 77.50% of the registered shares of ODH. LPSO offers CHF 5.60 in cash per ODH share, which represents a premium of 40.7% compared to the volume-weighted average price of the last 60 trading days and a premium of 38.3% compared to the closing price on December 16, 2024. After settlement of the offer, LPSO intends to propose to the general meeting of ODH that its shares be delisted from SIX Swiss Exchange.

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Fairness Opinion for the Board of Directors of Orascom to assess the financial adequacy of the voluntary public purchase offer for all outstanding registered shares of Orascom Development Holding AG by its main shareholder LPSO Holding Ltd.

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