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  • Exercise in full of the over-allotment option Print Page Tell Friend

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    Paris, November 5, 2007 – Bureau Veritas announced today that, in relation to its initial public offering,
    the Joint Bookrunners have exercised in full the over-allotment option resulting in the purchase from
    Wendel of 4,283,445 additional existing shares at the offering price of €37.75 per share.


    As a result, the total number of Bureau Veritas shares offered in connection with its initial public offering
    amounts to 32,839,750 shares (excluding the employee offering), or approximately 31% of Bureau
    Veritas’ share capital, thereby increasing the total offering size to approximately €1,240 million.


    Following the exercise of the over-allotment option, Wendel will hold 63.6% of the share capital.


    About Bureau Veritas


    Founded in 1828, Bureau Veritas is an international group specialised in the inspection, analysis, audit, and certification of products, infrastructure (buildings, industrial sites, equipment, ships, etc.) and management systems (ISO standards etc.) in relation to regulatory or voluntary frameworks.


    Bureau Veritas ranks as the world's second largest group in conformity assessment and certification services in the fields of quality, health and safety, environment, and social responsibility ("QHSE") and the world leader in QHSE services not including commodity testing. Bureau Veritas is recognised and accredited by major national and international organisations.


    Bureau Veritas is present in 140 countries through a network of 700 offices and laboratories. It has more than 27,000 employees and a client base of more than 280,000.


    In the last ten years, since 1996, Bureau Veritas has quadrupled its sales to €1.846 billion in 2006. Its operating profit has increased seven-fold to €268 million. In 2006, the group posted consolidated net profit of €154 million.
    Since 24 October 2007, Bureau Veritas has been listed on the Euronext Paris Eurolist (Compartment A, code ISIN FR 0006174348, mnemonic: BVI).

     

    This press release must not be published, distributed or sent, directly or indirectly, to
    any recipient in the United States, Canada, Australia or Japan.


    This press release must not be published, distributed or sent, directly or indirectly, to any recipient in the
    United States, Canada, Australia or Japan.


    This press release and the information contained herein do not constitute an offer to sell or the
    solicitation of an offer to purchase shares in Bureau Veritas in any country. Shares in Bureau Veritas
    have not been and are not intended to be registered under the United States Securities Act of 1933 as
    amended ("the US Securities Act") and may not be offered in the United States absent registration with
    the United States Securities and Exchange Commission or an applicable exemption from registration
    requirements. Bureau Veritas does not intend to register any securities under the US Securities Act or
    to offer any securities to the public in the United States.


    This document is only directed at and being provided to persons in the United Kingdom who are a)
    authorized persons who have professional experience in matters relating to investments within the
    meaning of the Financial Services and Markets Act 2000 (FSMA) and Article 19 of the Financial
    Services and Markets Act (Financial Promotions) Order 2005 (“the Order”) or b) high net worth entities,
    unincorporated associations and to other persons to whom it may otherwise be lawfully communicated
    falling within Article 49(2)(a)-(d) of the Order.


    The release, publication or distribution of this press release in certain jurisdictions may be restricted by
    law or regulations. Therefore, persons in such jurisdictions into which this press release is released,
    published or distributed must inform themselves about and observe such laws and restrictions.


    This press release contains forward-looking statements relating to the business, financial performance,
    strategy and results of Bureau Veritas. These forward-looking statements involve known and unknown
    risks, as well as other factors and uncertainties that could cause actual results, events or performance
    to differ significantly from any anticipated development. These forward-looking statements do not
    constitute guarantees of future occurrences. The real operational performance, financial position, and
    liquidity of Bureau Veritas, as well as the evolution of its current industry, may differ materially from the
    forward-looking statements contained in this release. All forward-looking statements are based on
    information Bureau Veritas has as of the date of this release. Bureau Veritas has no obligation and
    makes no commitment to revise or to confirm forward-looking statements or analysts’ estimates, if new
    circumstances or events arise after the date of this release. Moreover, the occurrence of certain risks
    described in chapter 4 of the French Document de base and of the Update as well as in chapter 2 of the
    Note d’Opération could have an impact on these forward-looking statements.

     

    Contacts

     

    Analysts-investors 
    Claire Plais – +33 (0)1 42 91 28 54 

     

    Journalists
    Véronique Gielec – +33 (0)1 42 91 32 74
    Olivier Richard – +33 (0)1 42 91 33 26 



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