Public Tender Offer for All Shares in Ramirent

Loxam S.A.S. (“Loxam” or the “Offeror”) and Ramirent Plc (“Ramirent” or the “Company”) have on June 10, 2019 entered into a Combination Agreement (the “Combination Agreement”) pursuant to which Loxam will make a voluntary recommended public cash tender offer to purchase all of the issued and outstanding shares of Ramirent that are not owned by Ramirent or any of its subsidiaries (the “Tender Offer”). Through the transaction, Loxam and Ramirent will create a pan-European equipment rental leader. 

In the Tender Offer, Ramirent’s shareholders will be offered a cash consideration of EUR 9.00 for each share, valuing Ramirent’s equity at approximately EUR 970 million. 

Key dates

June 10, 2019
Announcement of the Offeror’s decision to launch the Tender Offer
June 19, 2019
Offer Period commences
July 18, 2019 
Offer Period expires
July 19, 2019 
Announcement of the preliminary result of the Tender Offer
July 23, 2019  
Announcement of the final result of the Tender Offer
July 24, 2019  
Payment of the Offer Price (Actual time of receipt for the payment will depend on the schedules of money transaction between financial institutions)
July 24, 2019
Subsequent Offer Period commences
August 8, 2019
Subsequent Offer Period expires
August 9, 2019 (preliminary)
Announcement of the preliminary result of the Subsequent Tender Offer
August 13, 2019 (preliminary)
Announcement of the final result of the Subsequent Tender Offer
August 14, 2019
Payment of the Subsequent Offer Price (Actual time of receipt for the payment will depend on the schedules of money transaction between financial institutions)

Acceptance Procedure of the Tender Offer

Most of the Finnish book-entry account operators are expected to send a notification of the tender offer, including instructions and the relevant acceptance form to their customers who are registered as shareholders in the shareholders’ register of Ramirent maintained by Euroclear Finland Oy.

Shareholders who do not receive such instructions or an acceptance form from their account operator or asset manager should contact their account operator or bank. Please note, however, that Handelsbanken will not be engaging in communications relating to the tender offer with shareholders located within the United States.


About Loxam

Loxam is the leading equipment rental company in Europe with consolidated revenue of EUR 1,483 million in 2018 and approximately 8,000 employees. Loxam’s network of more than 766 branches extends over 13 countries in Europe (France, Germany, the United Kingdom, Ireland, Belgium, Switzerland, Spain, Portugal, Luxemburg, the Netherlands, Denmark, Norway and Italy) as well as in the Middle East, Morocco and Brazil.

About Ramirent

Ramirent is a leading service company offering equipment rental for construction and other industries. Our mission is to help our customers gear up on safety and efficiency by delivering great equipment and smooth service with a smile. We have 2,900 co-workers at 294 customer centers across nine countries in Northern and Eastern Europe. In 2018, Ramirent Group sales reached a total of EUR 712 million. Ramirent is listed on Nasdaq Helsinki (RAMI).