BESIX to strengthen strategic partnership with Watpac through increased shareholding

Monday, 26th February 2018
Article Type: ASX Announcement

Watpac Limited (Watpac or Company) today announces that it has entered into a Scheme Implementation Agreement (SIA) with its major shareholder BESIX Group SA (BESIX), pursuant to which BESIX may acquire a further 50% of the issued shares in Watpac that it does not already own for an offer consideration of $0.92 per share (Proposal).