Wärtsilä Corporation announced a public offer to the minority shareholders of Wärtsilä India Ltd on 19 January 2007 to acquire 1,240,599 shares, or 10.3% of the share capital. The offer period expired on 23 March 2007. The delisting offer has been successful.
Pursuant to the offer about 6.9% of the total shares will be acquired. This implies a consideration of approximately EUR 8.8 million. After the completion of the offer Wärtsilä Corporation will hold directly or indirectly 96.6% of Wärtsilä India shares.
The actual delisting will take place in about 3 months subject to the required formalities. The remaining shareholders will be offered an exit facility at the same share price paid in the offer in accordance with the applicable delisting guidelines.
Mr Markus Pietikäinen, Director, Corporate Development, Wärtsilä Corporation, tel. +358 10 709 5630.