Anthiarose Ltd. Announces its plan to withdraw the voluntary takeover bid for Zentiva N.V.
Anthiarose Limited, a wholly-owned subsidiary of PPF Group N.V., announces its plan to withdraw the Voluntary Takeover Bid addressed to all owners of shares and global depositary shares of Zentiva N.V., in line with the wording of the Offer Document approved by Czech National Bank. The Offer Document was published on June 17, 2008.
The decision was influenced by certain doubts about the real value of the company and also by the recent steps taken by Zentiva’s management.
In accordance with the law Anthiarose Ltd. has notified Czech National Bank about its intention to withdraw the Bid. The withdrawal of the Bid will be officially published according to the relevant law.