Believe's directors issue favourable opinion on takeover offer

Believe SA

19/04/2024 09:04

(.)
       April 19 (Reuters) - French digital music company
Believe's  BLV.PA  board of directors has issued a favourable
opinion on a takeover offer by a consortium made up of Believe
CEO Denis Ladegaillerie and two investment funds, the consortium
said.
    "With this new capital structure, the consortium wishes to
strengthen Believe's position in its markets while continuing to
develop the specificity of its unique model, at the service of
artists and independent labels," it said in a statement.
    The consortium comprises Ladegaillerie, EQT X investment
fund and TCV investment fund.
    It said that all conditions relating to the acquisition have
been fulfilled and that it will file its offer in the coming
days.

 (Reporting by Gdansk Newsroom; Writing by Charlotte Van
Campenhout; Editing by Ingrid Melander and Barbara Lewis)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))