Guichard family group bid to acquire remaining 26.5% stakes in Manutan International S.A. for approximately ?200 million.

Guichard family group bid to acquire remaining 26.5% stakes in Manutan International S.A. (ENXTPA:MAN) for approximately ?200 million on October 25, 2022. Spring Holding will acquire it for ?100 per share. If the Guichard family group reaches the threshold of 90% ownership in share capital squeeze-out will applicable.

Board of Directors of Manutan International S.A. has established a three-member ad hoc committee consisting primarily of independent directors. Finexsi Expert & Conseil Financier acted as fairness opinion provider to Manutan International S.A. King & Spalding acted as legal advisor to the Guichard family group and Manutan International S.A. Transactions & Cie, Degroof Petercam and CIC Market Solutions acted as financial advisors to the Guichard family and the Manutan group.