Terrena reaches 97.50% of Tipiak's capital and prepares a squeeze-out

The Financial Markets Authority has published the final results of the simplified public purchase offer initiated by Terrena on Tipiak shares. This operation, which took place from July 11 to 31, 2024, allowed Terrena to hold 97.50% of the capital and voting rights of Tipiak, or 896,028 shares.

Consequently, Terrena will request the implementation of a squeeze-out procedure with the Financial Markets Authority. This withdrawal will be made under the same financial conditions as the offer, i.e. 88 euros per Tipiak share.

On August 1, 2024, Tipiak requested the suspension of the listing of its shares on Euronext Paris, pending the implementation of the squeeze-out. In addition, Tipiak terminated its liquidity contract with Portzamparc – BNP Paribas Group from this same date.