Share Basic Fit for 15 euros in market share ASR for 19.50 each – NU.nl

The price per share shall confer Basic Fit a market capitalization of 820 million euros and a so-called enterprise value of 994 million euros.

The total supply of shares in the IPO was 26.7 million units, accounting for an interest of a small 49 percent excluding so-called over-allotment option and a value of 400 million euros.

Basic Fit uses the proceeds from the IPO to repay debt. Also, some of the current shareholders offer documents, but that does not apply to CEO René Moos. Which also plans over the long term to maintain a significant interest.

ASR

The ASR shares Friday for 19.50 euros each put on the market. Thus the price comes out in the middle of the previously indicated range of 19 to 20 euros per share. The total valuation of ASR thus amounts to over 2.9 billion euros.

That’s less than the 3.6 billion paid by the State in 2008 for the insurer. That does not mean that the government will suffer a loss. That depends on how the share price develops in the near future.

The State sells primarily an interest of up to 40 percent. That equates to 60 million shares. The total value of the shares is now offered, including a so-called over-allotment option, to almost 1.2 billion euros

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By: Reuters