Terrena acquires majority stake in Tipiak

On June 4, 2024, Terrena, a major player in agriculture and agri-food in France, finalized the acquisition of a majority stake in the capital of Tipiak. Through its subsidiary C2 Développement, Terrena purchased 712,493 shares, representing 77.53% of the capital of Tipiak, at a price of 82 euros per share.

Alain Le Floch, new Managing Director of Tipiak, and Olivier Chaillou, President of Terrena and Tipiak, underline that this merger makes it possible to combine the agricultural, agri-food and commercial expertise of the two companies.

Terrena will soon file a mandatory simplified public tender offer to acquire the remaining shares of Tipiak at a price of 88 euros per share. A report on the financial conditions of the offer was drawn up by the Ledouble firm.

Tipiak's board of directors was renewed to reflect the new shareholder configuration, with Olivier Chaillou as chairman, and Alain Le Floch was appointed as the new Managing Director of Tipiak.