SFS will bid for Triena

SFS Group Plc (SFS) decided to submit a public offer seeking to acquire a minimum 50% up to a maximum 100% of the share capital of Triena Investments Pcl (TINT; TINC; TCAP) in cash.

The consideration price for TINT and TINC is set to equal a 5% discount on their NAV’s as at 31 August 2007, whilst for TCAP is set at a 15% discount its NAV as at 31 August 2007.

SFS said it decided to submit a bid after taking into account the decision of the Extraordinary General Meeting of Triena on 1 August to proceed with the amendment of the Articles of Association of Triena to extend its life by 5 years (until 31 August 2012).