Colt CZ Group SE (SEP:CZG) executed an agreement to acquire Sellier & Bellot JSC from Cbc Europe S.à R.L. on December 18, 2023. Colt CZ shall acquire 100% of shares of Sellier & Bellot for the combination of the cash consideration in the amount of $350 million and a new issue of Colt CZ common stock leading to a 27?28% CBC?s stake in the share capital of Colt CZ Group post transaction. The acquisition will be financed through a combination of the Company's existing cash resources and debt financing.

The transaction is subject to regulatory approval in various countries and is expected to close in the first half of 2024.