Brief: Legrand To Acquire A Majority Stake In Cogelec

Legrand SA

09/07/2025 17:13

July 9 (Reuters) - Legrand SA LEGD.PA:

LEGRAND AND COGELEC DÉVELOPPEMENT'S SHAREHOLDERS SIGN AN AGREEMENT FOR LEGRAND TO ACQUIRE A MAJORITY STAKE IN COGELEC, A FRENCH SPECIALIST IN ACCESS CONTROL

DEAL VALUES COGELEC AT €254 MILLION, €29 PER SHARE

ACQUISITION AND TENDER OFFER EXPECTED IN Q4 2025

TOTAL OF 60.09% OF SHARE CAPITAL AND 78.39% OF VOTING RIGHTS OF COGELEC

TRADING IN COGELEC SHARES SUSPENDED, RESUMES JULY 10, 2025

Source text: nBw40GvXYa

Further company coverage: LEGD.PA

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