Belgian shipowner Nicolas Saverys is planning to launch another voluntary and conditional public takeover bid for all shares in gas shipowner and infrastructure provider Exmar.
Saverys’ investment vehicle Saverex would offer €11.5 in cash for each share it does not already own, a premium of 38.6% over Exmar stock’s closing price prior to the suspension of trading by Belgian financial regulator FSMA on December 2.
Together with its affiliates, Saverex controls 84.56% of Exmar shares, and if the company goes through with the takeover offer, it would require about 10.44% more to reach the acceptance threshold.
Saverys, who is Exmar’s executive chairman, launched his first takeover bid in June 2023 with just over a 45% stake but fell short of securing the 95% needed to take the Antwerp-based firm with a fleet of more than 40 gas carriers and floating gas terminals off the stock exchange.
