Bolloré : Put Option by CMA CGM to Acquire 100% of Bollore Logistics
08 Maio 2023 - 12:45PM
Bolloré : Put Option by CMA CGM to Acquire 100% of Bollore
Logistics
BOLORÉ
PRESS RELEASE
May 8, 2023
PUT OPTION BY CMA CGM TO ACQUIRE 100% OF
BOLLORE LOGISTICS
On 08 May 2023, the Bolloré Group received from
the CMA CGM Group a put option to acquire 100% of Bolloré Logistics
for an enterprise value of 5 billion euros.
This undertaking is the result of exclusive
negotiations announced on 18 April 2023 between the Bolloré Group
and the CMA CGM Group.
The Bolloré Group has accepted this put option
strictly as an offer. The information and consultation procedures
with the relevant staff representative bodies of the Bolloré Group
pertaining to this transaction shall now be initiated. The decision
as to whether or not to exercise this put option will be taken at
the end of these procedures.
As a result of adjustments agreed between the
parties primarily relating to the valuation of minority interests
and to IFRS16 debt, the purchase price would amount to 4.650
billion euros, prior to calculating debt and cash on the completion
date.
The Bolloré Group as of now confirms the
implementation of the contingent earn-out mechanism of €0.25 for
each Bolloré SE share tendered to the simplified cash tender offer
of Bolloré SE on its own shares, as announced on 18 April 2023.
This contingent earn-out will be paid if the put option received
from CMA CGM is exercised and the sale of 100% of Bolloré Logistics
is completed pursuant to agreed upon terms.
- 2023-05-08-Promesse d'achat par CMA CGM de 100% de Bolloré
Logistics-UK
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