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Preliminary results of Financière Alexandre III’s public offer to acquire Compagnie Fives-Lille

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Preliminary result for Financière Alexandre III’s public offer to acquire Compagnie Fives-Lille

*Shares corresponding to 94.14% of the capital and votes have been submitted during the offer period

Preliminary result for Financière Alexandre III’s * public offer to acquire all shares in Compagnie Fives-Lille was published by the Conseil des Marchés Financiers on 5 February 2001. By the time the bid expired on 2 February 2001, 2,068,136 of the shares in Compagnie Fives-Lille (“Fives-Lille”) had been submitted to the Euronext stock exchange in Paris, corresponding to 94.14% of the votes and capital.

The preliminary result means that Financière Alexandre III has met the acceptance condition for the bid by a wide margin. The offer will, subject to the preliminary result being confirmed, thus be completed.

The final result will be published by the Conseil des Marchés Financiers on 12 February.

*Financière Alexandre III is financed with equity from the Industri Kapital 2000 fund, and with loans from the Royal Bank of Scotland (Global Arranger) and Natexis Banques Populaires (Senior Arranger).

For further information, please contact:

Christopher Masek, Director, Industri Kapital, +44 20 7304 43 00
Björn Savén, CEO, Industri Kapital, +46 8 678 95 00

About Industri Kapital

Industri Kapital is one of Europe's leading venture capital companies with more than EUR 3 billion under management. Since 1989, 39 investments in various industries have been made. Fund investors are large Nordic, European and American institutional investors such as pension funds, investment and insurance companies.

Industri Kapital's most recent investments include the acquisitions of Alfa Laval (August 2000) and the acquisition of Dyno from the Oslo Stock Exchange (August 2000). FIVES-LILLE will be Industri Kapital's second investment in France. In June 2000, Industri Kapital 2000-Fonden acquired Laho Equipement. Laho is one of the leading companies in France in the sale and rental of construction machinery.


FIVES-LILLE was founded in 1812 near Lille. The company has 4,000 employees worldwide and in 1999 had a turnover of approximately FRF 5 billion. FIVES-LILLE develops and manufactures production equipment, primarily for the automotive, steel, aluminum, concrete and food industries. The company is headquartered in Montreuil and in recent years has expanded geographically, mainly in Asia and North America.

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