(News Bulletin 247) – The Angevin group will leave the Paris Stock Exchange on November 27, after the success of the takeover bid for HID Global, an American subsidiary of the Swedish group Assa Abloy.
Evolis, the French specialist in identity badge printing systems which is preparing to go under the American-Swedish flag, will be withdrawn from the Paris Stock Exchange on November 27, the Financial Markets Authority (AMF) announced on Wednesday. ).
Following a public purchase offer (OPA), the new majority shareholder of Evolis, HID Global, American subsidiary of the Swedish group Assa Abloy, now holds sufficient capital (98.74%) to impose this withdrawal .
A compulsory withdrawal at 43.75 euros
“The squeeze-out will take place on November 27, 2023, at a price net of all costs of 43.75 euros per share and will concern 65,578 Evolis shares representing 1.26% of the capital”, according to the notice published by the AMF.
The listing of Evolis, suspended since November 2, is “maintained until the implementation of the squeeze-out”, it is specified.
HID Global, the Texan subsidiary of the global security systems (padlocks and locks) giant Assa Abloy, had already bought almost all of Evolis at the end of September for nearly 225 million euros. It then launched a takeover bid, an essential step to acquire all of the shares.
Based in Angers, with subsidiaries in Miami and Boston (United States), Singapore, Bombay (India), and Shanghai (China), the Evolis company achieved a turnover of 111.7 million euros in 2022 It employs 360 people and markets its products in 140 countries.
(With AFP)
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