OFEs won’t sell AAT Holding shares in the tender

A number of Open Pension Funds (OFEs) informed that they will not be responding to the tender offer for WSE-listed system developer AAT Holding deeming the PLN 23 price tag per share “below the company’s market value. The group includes Nationale-Nederlanden OFE, Aviva OFE Aviva BZ WBK, Aegon OFE, and Familiar S.A. SICAV-SI. Nationale-Nederlanden OFE holds 11.88 percent stake, while other funds own less than 5 percent stakes each. AAT Holding announced a purchase offer for 2,397,536 of its shares, representing 29.97 percent stake in the company, back in February. The shares will be purchased by AAT Holding or its subsidiary Polon. AAT Holding wants to delist the company if the tender goes through.