Polmlek Sp. z o.o agreed to acquire 69.82% stake in Safilait SA from Bel Société anonyme on July 13, 2022. The transaction will be effective after the approval of regulatory and competition authorities. It is expected to close in H2 2022. Eric Lanthiez of Spayne Lindsay & Co, Idriss Berrada of Attijari Finances Corporation acted as financial advisors, Mehdi Bennani, Aolaia Snaiba of Bennani & Associés LLP acted as legal advisors, and Hervé Jauffret, Pierre-Guillaume Fayet of Ernst & Young provided financial due diligence to Bel Société anonyme. Ernst & Young France acted as a financial advisor to Polmlek Sp. z o.o

Polmlek Sp. z o.o Completed the acquisition of 69.82% stake in Safilait SA from Bel Société anonyme on December 31, 2022.