BRIEF

on EXCLUSIVE NETWORKS (EPA:EXN)

Major acquisition for Exclusive Networks by CD&R and Permira

Stock price chart of EXCLUSIVE NETWORKS (EPA:EXN) showing fluctuations.

The consortium formed by CD&R, Everest UK HoldCo Limited and Olivier Breittmayer has obtained all necessary authorizations to finalize the acquisition of a majority stake of 66.7% in Exclusive Networks. This transaction includes a simplified public tender offer, proposed after an exceptional distribution of €5.29 per share, valuing the offer at €18.96 per share. The launch of this offer is planned for early 2025, subject to certain conditions, including the payment of the exceptional distribution, validated at the end of October 2024 at the general meeting of shareholders.

The Board of Directors of Exclusive Networks welcomed this initiative, while awaiting the opinion of the independent expert Finexsi. This acquisition, once completed, will allow the consortium to strengthen its positions in the rapidly expanding technology sector, leveraging the combined skills of the stakeholders.

R. P.

Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.

Click here to consult the press release on which this article is based

See all EXCLUSIVE NETWORKS news