Guichard family group completed the acquisition of remaining 26.5% stakes in Manutan International S.A. for approximately 210 million.
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.