Brief: Legrand To Acquire Majority Stake In Cogelec

Legrand SA

01/08/2025 06:32

Aug 1 (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

TO BUY MAJORITY STAKE IN COGELEC

TO LAUNCH TENDER OFFER FOR COGELEC SHARES

ACQUISITION AND TENDER OFFER EXPECTED IN Q4 2025

BASED ON A PRICE OF 29 EUROS PER COGELEC SHARE (EX-DIVIDEND 2024)

Source text: ID:nBwNmHdna

Further company coverage: LEGD.PA

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