Camlin Fine Sciences Announces Tender Offer for Vinpai Shares

Camlin Fine Sciences Limited (CFSL), an Indian firm specializing in shelf life solutions, has filed a draft tender offer to acquire remaining Vinpai shares. This follows CFSL's acquisition of a 78.68% stake and majority voting rights in Vinpai at EUR 3.60 per share. Currently, CFSL controls 83.82% of Vinpai's share capital. The tender offer, at the same price, aims to acquire shares not already owned by CFSL.

The Board of Directors of Vinpai has expressed support for this offer, citing an independent review by Crowe HAF that deemed the financial terms fair for minority shareholders. However, the French Stock Markets Authority (AMF) must still review the draft offer. Details of the offer can be accessed through the relevant websites, including those of the AMF and CFSL.