Atel Holding Ltd set to hold 99.6 percent of shares
Olten, (PresseBox) - By the deadline of 7 December, 1,116,416 shares had been offered by shareholders of Aare Tessin Ltd. for Electricity (Atel) for exchange under the public swap offer by Atel Holding Ltd. This corresponds to 89.8 percent of the shares covered by the offer and means that AEM Milan (5.8 percent) has also taken advantage of it. Once the offer is completed, therefore, Atel Holding will in any case hold more than 99.6 percent of shares in Aare-Tessin Ltd. for Electricity, and will be able to obtain the targeted 100 percent from the simplified annulment procedure pursuant to Article 33 of the Federal Act on Stock Exchanges and Securities Trading. Atel Holding Ltd has granted an additional acceptance period from 12 to 28 December 2007, to allow Atel shareholders who have not yet done so to offer their shares for exchange.