Quva NV made the offer to acquire remaining 42.49% stake in Resilux NV for approximately €200 million on February 17, 2022. As per the transaction, Quva NV made the offer to acquire remaining shares at €235 per share. If Quvadec NV acquire 95% stake of total, then Quva NV will launch compulsory acquisition for remaining stake. The offer period will commence from April 11, 2022 to May 5, 2022. KBC Securities acted as financial advisor for Quvadec.

Quva NV completed the acquisition of remaining 42.49% stake in Resilux NV on May 5, 2022. During the offer period, Quva NV has achieved threshold level of 95% stake and reaches to 99.53% stake, so it will launch squeeze out for remaining stake to be completed on May 31, 2022 starting from May 17, 2022. As per update on June 3, squeeze out has been completed on May 31, 2022 and Resilux NV has delisted from stock exchange on June 1, 2022.