Cimescaut shareholders oppose takeover

The major shareholders in Cimescaut – including the company’s founders the Bertrand family – have said they will oppose the planned takeover of Carrières d'Antoing in Belgium by CBR. Cimescaut owns a 60% share of Carrières d'Antoing, while CBR holds a 40% stake but has offered €5.33million to buy out Cimescaut’s interest in the quarry. CBR has taken the acquisition plan to court and a ruling from Commercial Court of Tournai is expected by late June 2010.
April 3, 2012 Read time: 1 min

The major shareholders in 4733 Cimescaut – including the company’s founders the Bertrand family – have said they will oppose the planned takeover of Carrières d'Antoing in Belgium by CBR. Cimescaut owns a 60% share of Carrières d'Antoing, while CBR holds a 40% stake but has offered €5.33million to buy out Cimescaut’s interest in the quarry.

CBR has taken the acquisition plan to court and a ruling from Commercial Court of Tournai is expected by late June 2010.

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