Brief: Groupe SFPI buys majority stake hold by Avanquest Software in Emme

Groupe SFPI SA

20/02/2015 07:00

Feb 20 (Reuters) - Avanquest Software SA  AVQ.PA : 
    * Groupe SFPI buys majority stake hold by Avanquest Software 
SA  AVQ.PA  in Emme 
    * Agreement is on the sale of 2,455,072 shares Multimedia 
Electronic Edition (Emme SA) that it owns, representing 97.54 
pct of the share capital and voting rights of Emme SA 
    * Majority stake in Emme acquired by SFPI for 7.6 million 
euros ($8.6 million), 3.20 euros per one EMME share 
    * Public offer for Emme SA shares will be deposited as soon 
as possible by Bank Degroof on behalf of SFPI with the AMF at a 
price of 3.20 euros per share 
    * Avanquest Software has committed to acquire, through one 
of its subsidiaries, Emme SA operating assets. This acquisition 
will be performed for an estimated 5.9 million euros 
    * SFPI intends to maintain the admission to trading on 
Euronext Paris of Emme SA shares and to proceed with the merger 
of SFPI by Emme SA before Dec. 31, 2015 
 
Source text for Eikon:  ID:nBw53NCqpa  
Further company coverage:  AVQ.PA  
 
($1 = 0.8815 euros) 
 
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