CGI France SAS entered into an agreement to acquire a 70.6% stake in Umanis SA (ENXTPA:ALUMS) from Mura and Olivier Pouligny on March 11, 2022. CGI France SAS also entered into agreement launch a mandatory tender offer to acquire the remaining shares of Umanis. Both the transaction will have the value as €310 million. The signing of the Block Purchase agreement would only take place after completion of the information and consultation procedures of the relevant employee representative bodies of Umanis and CGI France. Transaction is subject to approval of obtaining of regulatory approvals for merger control and foreign investments in France, delivery of a fairness opinion by the independent appraiser appointed by Umanis, as well as issuance of a positive recommendation from its board of directors and delivery of Umanis' consolidated financial statements as of December 31, 2021. Transaction is s expected to be completed with the French financial markets authority (Autorité des Marchés Financiers) by the end of the second quarter of the 2022. Société Générale Securities Services SA acted as financial advisor, Bredin Prat & Associes acted as legal advisor to CGI France SAS. Crédit Agricole Corporate and Investment Bank S.A. acted as financial advisor to Umanis and Mura. Olivier Huyghues Despointes, Thibault Verron, Victor Maujean, Guillaume Aubron, Thomas Servières, Patrick Mèle, Loic Védie and Pierre Dabin of Darrois Villey Maillot Brochier acted as legal advisor to Umanis SA and Mura. Capstan acted as legal advisor to Umanis on employment law aspects. Gide advised LFPI and Amundi and shareholders of Mura.
As on April 25, 2022, CGI France SAS and Umanis announce the signing of the acquisition of all the shares of Umanis held by MURA (controlled by Mr. Laurent Piepszownik) and by Mr. Olivier Pouligny representing approximately 70.6% of the capital of Umanis at a price of €17.15 per share.