Sofidy SA made an offer to acquire an unknown stake in Selectirente (ENXTPA:SELER) on December 9, 2020. Sofidy SA will pay 87.3 per share. The offer was triggered by transformation of Selectirente into a limited partnership with shares. SELECTIRENTE's supervisory board met on January 14, 2021 and issued a favorable opinion on the public buyout offer. Offer was approved by the general meeting of shareholders of SELECTIRENTE which took place on February 3, 2021. The offer opens on February 8, 2021 and closing date of the offer is February 19, 2021.
Sofidy SA completed the acquisition of 2.64% stake in Selectirente (ENXTPA:SELER) for 9.6 million on February 19, 2021. Under the terms, Sofidy acquired 110,163 shares of Selectirente. Post completion, Sofidy holds 15.26% stake in Selectirente.