Brief: Axway: Signing Of Binding Agreements For Acquisition Of Sopra Banking Software

74Software SA

03/06/2024 07:08

June 3 (Reuters) - Axway Software SA  AXW.PA :
    * AXWAY ANNOUNCES THE SIGNING OF BINDING AGREEMENTS FOR THE
ACQUISITION OF SOPRA BANKING SOFTWARE
    * SIGNING OF AGREEMENT TO ACQUIRE SOPRA BANKING SOFTWARE'S
ACTIVITIES FROM SOPRA STERIA GROUP FOR AN ENTERPRISE VALUE OF
EUR 330M
    * SIGNING BY SOPRA GMT OF AN AGREEMENT TO ACQUIRE
APPROXIMATELY
16.7% OF AXWAY'S CAPITAL FROM SOPRA STERIA GROUP
    * SECURED FINANCING OF THIS ACQUISITION THROUGH COMBINATION
OF NEW
DEBT FACILITIES CONFIRMED BY GROUPE CRÉDIT AGRICOLE AND SOCIÉTÉ
GÉNÉRALE, AND A SHARE CAPITAL INCREASE WITH PREFERENTIAL
SUBSCRIPTION RIGHTS OF AROUND EUR 130M
    * ALL TRANSACTIONS WILL BE COMPLETED AS SOON AS POSSIBLE, BY
END
OF 3RD QUARTER 2024

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Further company coverage:  AXW.PA 

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