Recent work | June 26, 2019

Roschier represented Loxam in offer for Ramirent shares

On 10 June 2019, Loxam S.A.S announced a voluntary recommended public cash tender offer for all the shares in Ramirent Plc. Roschier represents Loxam in the offer.

The offer price in the tender offer is EUR 9.00 in cash per Ramirent share, valuing Ramirent’s equity at approximately EUR 970 million. The combination of Ramirent with Loxam S.A.S will create an equipment rental leader in Europe, and the combined entity will also emerge as a leading equipment rental player globally.

Loxam is the largest player in the European equipment rental market for the construction, industry and public work sectors. Ramirent Plc, listed on the official list of Nasdaq Helsinki, is one of the leading companies in equipment rental in the Nordics and Eastern Europe, serving a broad range of customer sectors including construction, industry, services, the public sector and households.

The offer period commenced on 19 June 2019 and is expected to run for approximately 4 weeks. The offeror may extend the offer period from time to time in accordance with the terms and conditions of the tender offer. The Board of Directors of Ramirent represented by a quorum formed by the conflict free board members has unanimously decided to recommend that the shareholders of Ramirent accept the Tender Offer.

Roschier’s advisory team comprised Antti Ihamuotila, Jouni Salmi, Seppo Kymäläinen, Juri Viitaniemi, Pauliina Repo, Jaakko Laitinen, Petrus Pöytäniemi, Aki Aapio, Laura Puro, Mika Ohtonen, Antti Karjanoja, Ami Paanajärvi, Sari Rasinkangas, Iida Lindfors, Jonne Järvi and Atte Kaira.