OREANDA-NEWS. At the closing of the tender offer on the CFAO shares on December 17, 2012, Toyota Tsusho Corporation (TTC) held 60,177,409 shares representing 97.81% of the share capital and voting rights of CFAO and thus met the conditions required for the implementation of a squeeze-out.

TTC announces that it does not intend to implement a mandatory squeeze-out procedure on the CFAO shares not tendered by minority shareholders following the tender offer closed on December 17, 2012.

The CFAO shares will thus continue to be listed on Euronext Paris. Акции CFAO таким образом продолжат перечисляться на Евроследующем Париже.

“Since our public tender offer for CFAO shares closed, we at Toyota Tsusho have studied whether to maintain the CFAO’s French listing carefully for two months. As a result, we have reached a decision to waive our right of mandatory squeeze-out procedure”, declared Jun Karube, President of Toyota Tsusho Corporation. “CFAO is a distinguished French company that has a proud history of 125 years. Through continuing to be listed on public, we look forward to ensuring the company’s management credibility and transparency. And we are sure that our determination will maintain CFAO’s autonomy and entrepreneurship spirit and support sustainable growth for CFAO.”