SAS Shipping Agencies Services SÀRL made a non-binding offer to acquire 42% stake in Clasquin SA (ENXTPA:ALCLA) for an enterprise value of approximately ?330 million on December 4, 2023. Under the terms of agreement, the purchase price of the shares would be determined on the basis of an enterprise value of ?325 million and after taking into account adjustments to be agreed between the parties. Following the acquisition of the controlling shareholdings of Yves REVOL and OLYMP, SAS would file a public tender offer with the Autorité des Marchés Financiers (AMF) for the remaining shares in the capital of Clasquin SA. The Clasquin Group would continue to operate its activities with its teams and under the Group's brands (Clasquin, Timar, LCI-Clasquin Cargolution, CVL, Exaciel in particular).

The final legal documentation relating to the acquisition would be concluded after completion of the information and consultation procedures with the relevant employee representative bodies. The completion of the transaction would be subject to obtaining clearances from the competent authorities, including competition clearances.