Oddo BHF - Zardoya Otis S.A. (ZOT) Zardoya Otis : Otis makes an offer on Zardoya at € 7 per share

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Oddo BHF

Delphine Brault

Zardoya Otis : Otis makes an offer on Zardoya at € 7 per share

>Otis makes an offer on Zardoya Otis - Otis Worldwide, the world number one elevator group, announced this morning that it was launching a takeover bid on the Zardoya Otis shares.The parent company Otis currently owns a 50.01% stake in Zardoya’s capital and 50.07% of voting rights. The bid therefore concerns the 235,184,934 shares that are not held by Otis. The price offered is € 7 per share. This € 7 is to be reduced by € 0.074 per share, corresponding...

23/09/2021 4 EN

Underlying

Zardoya Otis S.A.

Zardoya Otis and its subsidiaries are engaged in the manufacture and installation of elevators, the provision of related maintenance services, and export of equipment for its installation abroad.

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ES0184933812 Madrid Stock Exchange Spain

Provider

Oddo BHF

Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

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Analysts

Delphine Brault

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ZARDOYA OTIS reduced its risk exposure resulting in an upgrade to Slightly Positive

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Zardoya Otis : Offre de Otis sur Zardoya à 7 € par titre

>Otis lance une offre sur Zardoya Otis - Otis Worldwide, leader mondial des ascenseurs, a annoncé ce matin, le lancement d’une offre publique d’achat sur les titres Zardoya Otis.La maison mère Otis détient actuellement 50.01% du capital de Zardoya et 50.07% des droits de vote. L’offre porte donc sur les 235 184 934 actions non détenues par Otis. Le prix proposé est de 7€ par titre. Ce prix de 7€ sera réduit de 0.074 € par action, correspondant au divide...

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Zardoya Otis : Otis makes an offer on Zardoya at € 7 per share

ZARDOYA OTIS reduced its risk exposure resulting in an upgrade to Slightly Positive

Zardoya Otis : Offre de Otis sur Zardoya à 7 € par titre

Dassault Systèmes : L’environnement macro incite à la prudence pour le S2 mais le marché semble s’y être déjà préparé

Lanxess : Showing the money: disposals on track, cash flow recovery/deleveraging, too

ODDO : US elections: between continuity and disruption, the benefits/risks vary

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