長實集團(01113.HK)以170億向李嘉誠基金會收購四項資產 溢價約8.4%發行代價股支付
長實集團(01113.HK)公布，以170億元向李嘉誠基金會購入一系列公用事業資產，公司將以每股51元，較今日收市價47.05元，溢價8.4%，向李嘉誠基金會發行3.33億股代價股支付。
公司並建議回購最多為股份數目上限的股份以供註銷，該數目與公司就建議收購將予發行的代價股份數目相同。接納股份回購的合資格股東，將有權根據股份回購要約就每股購回股份收取末期現金股息(倘於2021年度股東週年大會上獲股東批准)。每股股份的要約價51元。
上述資產包括Eagle Frame Limited，間接持有UK Power Networks 的20%股權；Mondrem Corporation，間接持有Northumbrian Water 的20%股權；Moonstone Global Investment Limited，間接持有Wales & West Utilities的10%股權；以及Gerbera Investments Limited，直接持有Dutch Enviro Energy的10%股權。
完成後，公司將合計持有20%的UK Power Networks Holdings；36%的Northumbrian Water；22%的Wales & West Utilities；以及24%的Dutch Enviro Energy權益。 UK Power Networks、Northumbrian Water及Wales & West Utilities下的資產為在英國受規管的基建資產，而Dutch Enviro Energy擁有產生現金流的長期合約業務。
根據建議收購的條款，李嘉誠基金會將確保公司自目上述四項基建資產於2021及2022年度，收取總額不少於9.1億元現金分派，代表購買價的收益率就2021及2022年而言每年均不少於5.35%。
公司表示，建議收購符合公司的既定企業策略，於本地及香港以外積極尋求可提供穩定經常性收益及增長潛力的優質投資機會，以提升集團的盈利及現金流質素，並加強穩定收入來源。建議收購為公司提供難得機會，以收購由目標公司組成的大型及優質資產組合之權益。由於公司早已持有目標公司中三間(即 Northumbrian Water、Wales & West Utilities 及Dutch Enviro Energy)的經濟權益，與收購公司原先未有權益的資產相比，建議收購涉及的執行風險相對較低。建議收購亦可讓公司無需經過競爭性的競投程序而得以進一步擴展其投資組合。
截至去年底，集團的銀行結餘及存款達約595億元。儘管公司將透過發行代價股份的方式清付建議收購的購買價，因而不需動用其盈餘資金，股份回購建議將使集團得以動用現金抵銷發行代價股份的影響。假設股份回購建議全面完成，該建議對公司的淨影響實質將為以現金收購目標控股公司。
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