Brief: Cox To Offer Its Shares In Exchange For Shares Of Its Mexican Unit
09/04/2025 08:19
April 9 (Reuters) - Cox Abg Group SA COXGA.MC:
HAS INITIATED A SHARE EXCHANGE PROCESS, OFFERING ITS OWN SHARES IN EXCHANGE FOR SHARES OF ITS MEXICAN SUBSIDIARY, COX ENERGY
PROCESS FOR CERTAIN SPECIFIC SHAREHOLDERS OF COX ENERGY, SAB DE CV ("COX ENERGY")
TO PROPOSE TO APPROVE CAPITAL INCREASE THROUGH NON-MONETARY CONTRIBUTION OF COX ENERGY SHARES, WITH EXCHANGE RATIO CONSISTING OF 1 COMPANY SHARE FOR EVERY 5 COX ENERGY SHARES
STATES THAT TRANSACTION IS CURRENTLY UNDER STUDY AND THERE IS NO CERTAINTY THAT IT WILL BE CARRIED OUT
DOES NOT CURRENTLY INTEND TO EXTEND TRANSACTION TO REST OF SHAREHOLDERS OF COX ENERGY OR TO MAKE A PUBLIC TENDER OFFER
Source text: ID:nCNMb7WrVs
Further company coverage: COXGA.MC
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