Brief: Evolis Shareholders Intends To Sell Evolis To HID Group

Evolis SA

19/07/2023 16:55

July 19 (Reuters) - Evolis SA  ALTVO.PA :
    * EVOLIS SHAREHOLDERS INTENDS TO SELL EVOLIS TO HID GROUP, A
SUBSIDIARY OF ASSA ABLOY
    * TRANSACTION WOULD BE FOLLOWED BY A MANDATORY TENDER OFFER
TO
ENABLE HID TO ACQUIRE ENTIRE SHARE CAPITAL AND VOTING RIGHTS OF
EVOLIS
    * PURCHASE PRICE FOR 100% OF SHARES AND VOTING RIGHTS IN
EVOLIS
GROUP WOULD AMOUNT TO 228.4 MILLION EUROS, OR 43.75 EUROS PER
SHARE
    * COMPLETION OF TRANSACTION IS EXPECTED TO TAKE PLACE AT END
OF Q3
OF 2023

Source text for Eikon:  ID:nACT81056 
Further company coverage:  ALTVO.PA 

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