Orascom's Main Shareholder Launches Tender Offer for All Shares

LPSO Holding Ltd., the main shareholder of Orascom Development Holding AG (ODH), has initiated a public tender offer to acquire all publicly held registered shares of ODH. The offer price is set at CHF 5.60 per share, marking a premium of 40.7% over the 60-day average price. This move aims at delisting ODH from the SIX Swiss Exchange if successful. LPSO currently holds 77.50% of the shares, and the offer period is outlined from January 9 to February 5, 2025.

Despite not providing a recommendation, ODH’s Board of Directors has secured a fairness opinion from IFBC AG, validating the offer's financial fairness. The provided offer price surpasses the CHF 3.76 to CHF 5.26 valuation range determined by the fairness opinion.

Complete offer details and the related documentation are available on www.lpsoh-offer.com. Stakeholders are encouraged to review this information thoroughly before making decisions.