THC SPV10 bids for 34.9% of FAM at PLN 4.20 apiece

A group of investors under the THC SPV10 investment vehicle are bidding for 11.1 million shares representing a 34.94 percent stake in WSE-listed hot-dip galvanizing producer FAM at PLN 4.20 apiece. At the end of the trading day on Tuesday, FAR shares were trading at PLN 4.22 apiece. The bidders include investment funds Fulcrum FIZ, Napoleon FIZ, THC SPV10 and Maumee Bay. Combined they control 65.1 percent stake in FAM. If the tender goes through, FAM would be delisted.