PR Newswire/Les Echos/
Sèvres, France and Nagoya, Japan on November 16, 2012
PROGRESS OF TTC'S TENDER OFFER INITIATED ON CFAO'S SHARES
Toyota Tsusho Corporation ("TTC") received on November 13, 2012 approval from
the European Commission regarding the tender offer initiated on CFAO shares for
a price of 37.5 euros per CFAO share, opened since October 19, 2012 (the
"Offer"). Completion of the Offer is therefore no longer subject to any
In its notice dated November 14, 2012 (D&I 212C1507), the Autorité des marchés
financiers indicated that the closing of the Offer will occur on November 23,
2012. The settlement date is scheduled on December 5, 2012. NYSE-Euronext Paris
has published the detailed timetable of the Offer and its completion.
The Offer should be reopened for a 10 trading day-period within the 10 trading
days following the publication of the results of the Offer unless, at closing of
the Offer, TTC decides to implement a squeeze out if the conditions required for
a squeeze out are met, (i.e. if the minority shareholders hold less than 5% of
the share capital and voting rights of CFAO); in such case, the Offer will not
Copies of the tender offer document (AMF visa n° 12-493) as well as the
document containing the other information relating to the characteristics,
notably including legal, financial and accounting, filed by TTC are available on
the websites of the Autorité des marchés financiers (www.amf-france.org) and
of TTC (www.toyota-tsusho.com) and may be obtained free of charge upon request
to Crédit Agricole Corporate & Investment Bank, 9 quai du Président Paul
Doumer, 92920 Paris La Défense Cedex and Rothschild & Cie Banque, 29 avenue de
Messine, 75008 Paris.
The response document to the tender offer initiated by TTC, prepared by CFAO,
together with the document describing the information related to the
characteristics in particular legal, financial and accounting characteristics of
CFAO, are available on the websites of the Autorité des marchés financiers
(www.amf-france.org) and of CFAO (www.cfaogroup.com) and are made available to
the public free of charge at the registered offices of CFAO, 18 rue Troyon,
92316 Sèvres, France and of Société Générale, CORI/COR/FRA, 75886 Paris
Cedex 18, France.
CFAO is the foremost specialized retail brand in its main business areas -
vehicle and pharmaceuticals distribution - in Africa and the French overseas
territories. In Africa, CFAO also distributes equipment, produces and
distributes consumer goods and is a provider of a number of technology-related
services. CFAO is present in 34 countries, 31 of which are in Africa and seven
in the French overseas territories, and had a headcount of 10,100 at end-2011.
In 2011, CFAO generated consolidated revenue of EUR3,124 million and recorded
recurring operating income of EUR256.3 million.
CFAO posted 2012 third-quarter revenue of EUR911.5 million, up 17.1% in the
third quarter. Over the first nine months of the year, the revenues reached
EUR2,654.6 million, up 17.2%.
CFAO is listed on NYSE Euronext in Paris and is included in the SBF120 and CAC
Mid 60 indices.
Find CFAO on Bloomberg: CFAO:FP and Reuters: CFAO.PA
To find out more, go to www.cfaogroup.com
Director of Communications
+33 1 46 23 58 80
Investor and Analyst Relations
Vice President Financial Communications and Investor Relations
+33 1 46 23 56 51
About Toyota Tsusho Corporation
Toyota Tsusho is a general trading company that develops business together with
over 500 consolidated Group companies in Japan and overseas around the world,
via a global network covering Japan and more than 60 other countries worldwide.
Toyota Tsusho has a divisional system made up of seven divisions, namely the
Metals Division, the Global Production Parts & Logistics Division, the
Automotive Division, the Machinery, Energy & Project Division, the Chemicals &
Electronics Division, the Produce & Foodstuffs Division, and the Consumer
Products, Services & Materials Division.
With this system, the company provides products and services in a broad range of
business domains that are essential to realize the creation of a prosperous and
TTC reported consolidated net sales of 5,916 billion yen for the fiscal year
ended March 31, 2012.
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-0- Nov/16/2012 15:19 GMT
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