Bouygues to delist Colas after share squeeze out

COLAS SA

18/09/2023 07:17

Sept 18 (Reuters) - Diversified services group Bouygues
 BOUY.PA  announced plans Monday to file a public tender offer
to squeeze out remaining shares in French construction company
Colas  COLP.PA .
    Bouygues, which currently holds 96.8% of Colas' share
capital, will price the shares at 175 euros ($186.7) each. This
will be followed by the delisting of Colas. 
    Separately, Colas will split the chief executive and
chairman function, nominating Pierre Vanstoflegatte as new CEO. 
    
    

 (Reporting by Pierre John Felcenloben, Editing by Louise
Heavens)
 ((PierreJohn.Felcenloben@thomsonreuters.com;))