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SFCA - Societe Francaise De Casinos SA News Story

€1.37 0.0  0.0%

Last Trade - 13/01/22

Sector
Consumer Cyclicals
Size
Micro Cap
Market Cap £5.83m
Enterprise Value £10.2m
Revenue £4.41m
Position in Universe 800th / 849

BRIEF-Societe Francaise De Casinos: CASIGRANGI Plans To Acquire Control Of The Group

Thu 23rd July, 2020 3:14pm
July 23 (Reuters) - SOCIETE FRANCAISE DE CASINOS SA
 SFCA.PA :
    * CASIGRANGI PLANS TO ACQUIRE CONTROL OF SOCIETE FRANCAISE
DE
CASINOS (SFC)
    * CASIGRANGI IS A SUBSIDIARY OF GROUPE PHILIPPE GINESTET
    * CASIGRANGI HAS ALREADY CONCLUDED EXCLUSIVE RIGHTS
MEMORANDA OF
UNDERSTANDING ALLOWING IT TO ACQUIRE 42.32% OF CAPITAL AND
VOTING RIGHTS OF SOCIÉTÉ FRANÇAISE DE CASINOS
    * CASIGRANGI TO ACQUIRE AT LEAST 50.1% OF CAPITAL AND VOTING
RIGHTS OF SFC
    * IF AGREEMENTS SUCCEED, CASIGRANGI WOULD TAKE CONTROL OF
SFC AND
WOULD FILE DRAFT FOR SIMPLIFIED PUBLIC TENDER OFFER AT 1.70 EUR
PER ACTION
    * AT THE REQUEST OF SFC, THE LISTING OF ITS SHARES WAS
SUSPENDED
ON JULY 23 BEFORE MARKET
    * HAS ASKED EURONEXT PARIS TO RESUME LISTING OF SHARES AT
THE
OPENING OF PARIS STOCK EXCHANGE ON JULY 24, 2020
    * FILING OF PUBLIC OFFER IS EXPECTED AT BEGINNING OF 2021

Source text for Eikon:  ID:nACT64416 
Further company coverage:  SFCA.PA 

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