Gimv announced on Friday that WorxInvest had signed an agreement to take over the 27.8% stake held by the Flemish Participation Company (VPM), making the diversified investment company its new reference shareholder.

The Belgian group states that the transaction was concluded on the basis of a price of 375 million euros, or 48.36 euros per share (including dividend), representing a premium of more than 10% over last night's closing price.

Listed on the Brussels Stock Exchange, Gimv shares were up by almost 3% late Friday morning following these announcements.

In a press release, WorxInvest states that it considers its stake in Gimv to be a "long-term strategic investment" and intends to fully support the company's activities.

Gimv's portfolio - valued at over 1.6 billion euros - comprises investments in some sixty medium-sized growth companies.

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