Guichard family group bid to acquire remaining 26.5% stakes in Manutan International S.A. (ENXTPA:MAN) for approximately €200 million on October 25, 2022. Spring Holding will acquire it for €100 per share. If the Guichard family group reaches the threshold of 90% ownership in share capital squeeze-out will applicable. Board of Directors of Manutan International S.A. has established a three-member ad hoc committee consisting primarily of independent directors. Finexsi Expert & Conseil Financier acted as fairness opinion provider to Manutan International S.A. King & Spalding acted as legal advisor to the Guichard family group and Manutan International S.A. Transactions & Cie, Degroof Petercam and CIC Market Solutions acted as financial advisors to the Guichard family and the Manutan group.

Guichard family group completed the acquisition of remaining 26.5% stakes in Manutan International S.A. (ENXTPA:MAN) for approximately €210 million on February 10, 2023. The threshold of 90% of the capital and voting rights of Manutan International having been crossed at the closing of the simplified public purchase offer, the price is raised to €105 per share for all the securities tendered to the offer in under the semi-centralized procedure. As a result, the Guichard family group now holds 7,543,531 Manutan International shares, representing 99.08% and intends to request the implementation of the squeeze-out procedure in the near future at the same price as that of the simplified tender offer of €105 cash per share.