Majority shareholders of Tipiak Société Anonyme (ENXTPA:TIPI) and Terrena SARL enter into exclusive negotiations with a view to acquiring a majority stake in Tipiak. view to the acquisition by Terrena of a majority stake representing approximately 77.95% of the capital of Tipiak. Tipiak SA - the transfer of the control block would be carried out at a price per Tipiak SA share of EUR 88 representing a valuation of ?80.4 million for 100% of the company's issued shares.

The acquisition of the controlling interest and completion of the ensuing public offer would probably take place in the first half of 2024. The board of directors of Tipiak SA unanimously welcomed the proposed transaction.