长实集团(01113.HK)以170亿向李嘉诚基金会收购四项资产 溢价约8.4%发行代价股支付
长实集团(01113.HK)公布，以170亿元向李嘉诚基金会购入一系列公用事业资产，公司将以每股51元，较今日收市价47.05元，溢价8.4%，向李嘉诚基金会发行3.33亿股代价股支付。
公司并建议回购最多为股份数目上限的股份以供注销，该数目与公司就建议收购将予发行的代价股份数目相同。接纳股份回购的合资格股东，将有权根据股份回购要约就每股购回股份收取末期现金股息(倘於2021年度股东周年大会上获股东批准)。每股股份的要约价51元。
上述资产包括Eagle Frame Limited，间接持有UK Power Networks 的20%股权；Mondrem Corporation，间接持有Northumbrian Water 的20%股权；Moonstone Global Investment Limited，间接持有Wales & West Utilities的10%股权；以及Gerbera Investments Limited，直接持有Dutch Enviro Energy的10%股权。
完成後，公司将合计持有20%的UK Power Networks Holdings；36%的Northumbrian Water；22%的Wales & West Utilities；以及24%的Dutch Enviro Energy权益。 UK Power Networks、Northumbrian Water及Wales & West Utilities下的资产为在英国受规管的基建资产，而Dutch Enviro Energy拥有产生现金流的长期合约业务。
根据建议收购的条款，李嘉诚基金会将确保公司自目上述四项基建资产於2021及2022年度，收取总额不少於9.1亿元现金分派，代表购买价的收益率就2021及2022年而言每年均不少於5.35%。
公司表示，建议收购符合公司的既定企业策略，於本地及香港以外积极寻求可提供稳定经常性收益及增长潜力的优质投资机会，以提升集团的盈利及现金流质素，并加强稳定收入来源。建议收购为公司提供难得机会，以收购由目标公司组成的大型及优质资产组合之权益。由於公司早已持有目标公司中三间(即 Northumbrian Water、Wales & West Utilities 及Dutch Enviro Energy)的经济权益，与收购公司原先未有权益的资产相比，建议收购涉及的执行风险相对较低。建议收购亦可让公司无需经过竞争性的竞投程序而得以进一步扩展其投资组合。
截至去年底，集团的银行结余及存款达约595亿元。尽管公司将透过发行代价股份的方式清付建议收购的购买价，因而不需动用其盈余资金，股份回购建议将使集团得以动用现金抵销发行代价股份的影响。假设股份回购建议全面完成，该建议对公司的净影响实质将为以现金收购目标控股公司。
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