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  • Horizon Investment Holdings S.à r.l ("HIH"), controlling shareholder of Verallia (ISIN FR0013447729 - Euronext Paris), itself indirectly owned by an investment fund managed by affiliates of Apollo Global Management, Inc., announces the signature today of a share purchase agreement under which HIH agreed to sell 12,327,282 shares representing approximately 10% of the share capital of Verallia to a fund managed by BW Gestão de Investimentos Ltda (" BWGI"), an existing shareholder of Verallia. The total consideration payable upon completion is approximately EUR 345 million and completion will occur within 5 business days as from the date of signing. On the completion date, Claudia Scarico, representative of HIH at the Board of Directors of Verallia, will resign from her duties. HIH undertook to support the appointment of a new member of the Board of Directors, proposed by BWGI. View source version on businesswire.com: Contact Maitland/AMO Finlay Donaldson fdonaldson@maitland.co.uk +44 7341 788 066 © 2020 Business Wire, Inc. Disclaimer: This material is not an AFP editorial material, and AFP shall not bear responsibility for the accuracy of its content. In case you have any questions about the content, kindly refer to the contact person/entity mentioned in the text of the release.
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  • Press Release from Business Wire: Horizon Investment Holdings
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