Brief: Terrena Enters Into Exclusive Negotiations To Acquire Majority Stake In Tipiak

Tipiak SA

27/10/2023 17:22

Oct 27 (Reuters) - Tipiak SA  TIPK.PA :
    * MAJORITY SHAREHOLDERS OF TIPIAK S.A. AND TERRENA ENTER
INTO
EXCLUSIVE NEGOTIATIONS WITH A VIEW TO ACQUIRING A MAJORITY STAKE
IN TIPIAK S.A.
    * VIEW TO THE ACQUISITION BY TERRENA OF A MAJORITY STAKE
REPRESENTING APPROXIMATELY 77.95% OF THE CAPITAL OF TIPIAK S.A.
    * TIPIAK SA - THE TRANSFER OF THE CONTROL BLOCK WOULD BE
CARRIED
OUT AT A PRICE PER TIPIAK S.A. SHARE OF 88 EUROS REPRESENTING A
VALUATION OF €80.4 MILLION FOR 100% OF THE COMPANY'S ISSUED
SHARES
    * THE ACQUISITION OF THE CONTROLLING INTEREST AND COMPLETION
OF
THE ENSUING PUBLIC OFFER WOULD PROBABLY TAKE PLACE IN THE FIRST
HALF OF 2024
    * THE BOARD OF DIRECTORS OF TIPIAK S.A. UNANIMOUSLY WELCOMED
THE
PROPOSED TRANSACTION

Source text: https://tinyurl.com/59ta9nar
Further company coverage:  TIPK.PA 

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