The new offer is being made through its wholly owned subsidiary
The offer represents a premium of approximately 17.9% to the floor closing price of €49.21 per Techem share on 19 October 2007. Macquarie launched an unsuccessful joint offer for Techem with private equity house BC Partners in November 2006.
Horst Enzelmüller, CEO of Techem, said: “I am convinced that this offer is the best among a number of alternatives investigated. I believe it is the best way to end the period of uncertainty in the interest of shareholders, employees, and customers.”
MEIF II is a €4.6bn wholesale infrastructure fund with investments including Thames Water, National Car Parks, Airwave and Arqiva/National Grid Wireless.