Quva NV reached an agreement to acquire 57.51% stake in Resilux NV (ENXTBR:RES) from De Cuyper family and their affiliates for approximately €270 million on November 25, 2021. Under the agreement, Quva NV will acquire shares at €235 per share. The transaction will be followed by a mandatory tender offer for the remaining shares of Resilux at €235 per share.

The completion of the Acquisition is still subject to merger control approval. Quva NV anticipates that the transaction will be completed in first quarter of 2022, subject to the relevant approvals being obtained. Romania's competition authority approved the transaction on February 7, 2022.

Koen Vanhaerents of Baker McKenzie acted as the legal advisor to De Cuyper family. Nico Goossens and Louis Hoet of Argo BCVBA acted as the legal advisor to Quva NV. ING acted as sole financial advisor to the Board of Directors of Resilux NV