Oddo BHF maintains its 'outperform' rating on Clasquin shares, with a target price raised from 95 to 134 euros.

The analyst reports that yesterday evening, Clasquin's controlling shareholders (Yves Revol and Olymp) announced that they had entered into exclusive negotiations with SAS Shipping Agencies Services Sarl ('SAS'), a subsidiary of MSC Mediterranean Shipping Company SA, a world leader in shipping and logistics, with a view to selling their entire shareholding representing 42% of Clasquin SA's capital.

Following the acquisition of the controlling interests of Yves Revol and Olymp, SAS would file a public tender offer for the remaining shares in Clasquin SA with the Autorité des Marchés Financiers (AMF), according to Oddo BHF.

The analyst points out that he had 'already mentioned the fact that Clasquin was an ideal target in the freight forwarding sector', and that this announcement therefore comes as no surprise.

We therefore believe that the project should be completed by summer 2024, and that the probability of a delisting will be high", concludes the broker.

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