1. Home
  2. / Oil and Gas
  3. / Alper Administrative Council (APER3) Approves Warburg Pincus Proposal for Control.
Reading time 2 min of reading Comments 0 comments

Alper Administrative Council (APER3) Approves Warburg Pincus Proposal for Control.

Written by Paulo Nogueira
Published on 26/11/2023 at 09:48
Alper, OPA, Seguradoras, Seguros
A WP Itacaré, da Warburg Pincus, pretende adquirir o controle da corretora de seguros ao preço de R$ 43,50 por ação
Be the first to react!
React to this article

WP Itacaré, a Company Associated with Warburg Pincus, Plans to Acquire Majority Control of the Insurance Brokerage by Offering R$ 43.50 per Share. This Strategic Move Demonstrates the Intention to Expand Its Operations in the Insurance Market, Promoting Greater Competitiveness and Growth in the Sector.

Warburg Pincus Explained That the Company’s Principles and Positioning Are in Line with Its Global Investment Strategy. On the Other Hand, the Board of Alper Evaluates That the Approach of the Buying Company Does Not Differ from the Current Strategy of the Company and, Consequently, Believes That They ‘Seem Appropriate’.

At This Time, the Plan Needs to Be Approved in a General Shareholders’ Meeting Scheduled for December 7th.

WP Itacaré Is an Investment Company That Is Part of a Group of Companies, Investment Funds, and Businesses Indirectly Controlled by the American Investment Organization Warburg Pincus LLC, Specialized Exclusively in the Private Equity Sector.

The Offer, As Disclosed, Will Aim to Acquire Up to All 19,561,704 Common Shares Issued by Alper, Excluding Treasury Shares.

Board of Directors of Alper Approves Public Offer for Acquisition by WP Itacaré

The Board of Directors of Alper Gave a Favorable Opinion on WP Itacaré’s Proposal for a Public Offer for the Acquisition of the Company (OPA). The Shareholder Aims to Acquire Control of the Insurance Brokerage at a Price of R$ 43.50 per Share.

All Six Directors Who Participated in the Meeting Regarding the Terms and Conditions of the Offer Voted in Favor of the OPA, Based on an Independent Report from a Financial Advisor Hired to Support the Analysis.

The Offer Was Approved by the Board of Directors Based on the Independent Report from the Financial Advisor

Source: InfoMoney

Sign up
Notify of
guest
0 Comments
most recent
older Most voted
Built-in feedback
View all comments
Paulo Nogueira

Graduated in Electrical Engineering from one of the country's technical education institutions, the Instituto Federal Fluminense - IFF (formerly CEFET), he worked for several years in the offshore oil and gas, energy, and construction sectors. Today, with over 8,000 publications in online magazines and blogs on the energy sector, the focus is to provide real-time information on the Brazilian job market, macro and microeconomics, and entrepreneurship. For questions, suggestions, and corrections, please contact us at informe@clickpetroleoegas.com.br. Please note that we do not accept resumes at this contact.

Share in apps
0
I'd love to hear your opinion, please comment.x