Eiffage SA agreed to acquire 13.71% stake in Getlink SE from TCI Advisory Services LLP for approximately ?1.2 billion.

Eiffage SA (ENXTPA:FGR) agreed to acquire 13.706177% stake in Getlink SE (ENXTPA:GET) from TCI Advisory Services LLP for approximately ?1.2 billion on October 26, 2022.This significant investment of ?1.194 billion at ?15.84 per share. Prior to this transaction, Eiffage held 5.08% of the shares of Getlink and following this transaction its shareholding will increase to 18.79%. The consideration will be financed by Eiffage from its available cash and is not subject to any conditions.

Fabrice de La Morandière and Bertrand Sénéchal of Linklaters LLP (France) acted as legal advisor to Eiffage SA. Matthieu Grollmund, Arthur Dethomas and Pierre-Marie Boya of Hogan Lovells advised TCI on the transaction.