Andino Global, the main shareholder of Andino Investment Holding, is carrying out a public takeover bid (OPA) to complete its new structure in Spain, from where it will expand into new markets.
Andino Global is in the midst of expanding its activities with a focus on Latin America and Europe.
Lima, XX of December 2023. Andino Inversiones Global de España (Andino Global), the majority shareholder of Andino Investment Holding (AIH) in Peru, has submitted a Public Tender Offer (OPA) on the Lima Stock Exchange to the AIH shareholders who did not participate in the share exchange (swap) last April. This operation aims to complete its structure in Spain and, with it, Andino Global's objective is to expand across European markets.
Likewise, if any of the current shareholders of AIH are not interested in participating in the OPA, they may take part in a second Swap operation by contributing their AIH Peru shares in exchange for receiving shares issued by Andino Inversiones Global, under conditions similar to the original Swap
With this OPA, which offers to acquire 11.2 million shares representing 2.776% of AIH's value, Andino Global is reaching out to the AIH shareholders who did not participate in the swap or share exchange conducted last April, giving them the right to sell their shares or exchange them for shares of the new Andino Global. This marks a significant milestone for Andino Global, which will be the new investment vehicle for the group's international expansion from its headquarters in Madrid.
In this public offer, Andino Global has proposed to pay the amount of USD 0.18 for each of the AIH shares included in the offer. The public offer announced by Andino Global aligns with the strategy adopted by the company since its establishment in Spain, where it now strengthens its presence with the aim of debuting on Euronext Access+ in Paris in the first quarter of 2024 and expanding its operations to new markets in Spain and Europe from its new headquarters in Madrid
About Andino Global
Andino Global is the majority shareholder of Andino Investment Holding (AIH), a leading logistics and infrastructure projects company with a wide range of services including airport handling, airport operation, port infrastructure and services, logistics, as well as financial services associated with logistics. With a majority stake in Andino Investment Holding, S.A.A. and a portfolio of 11 operating subsidiaries in Peru, the company has demonstrated a strong commitment to excellence and sustainability as it expands its presence in international markets