The company Abeille Assurances, formerly Aviva France now part of the Aéma group, is launching a takeover bid to acquire the remaining shares of the UFF bank and delist it, the AMF said on Monday.
Natixis, acting on behalf of the public limited company Abeille Assurances Holding, has filed with the Financial Markets Authority a draft simplified tender offer for the shares of the company Union Financire de France Banque, specified the stock market constable.
The buyer currently holds 74.99% of the capital and voting rights of the bank, which specializes in wealth management advice.
The proposed purchase price is 21 euros per share, which values the company at 341 million euros, says Abeille Assurances in a separate press release.
At the end of the offer, Abeille Assurances Holding intends to request the implementation of a compulsory delisting, specifies the subsidiary of Ama in this document.
UFF claims on its website nearly 200,000 customers at the end of 2021, managed by 1,220 employees through a network of 25 branches.
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It is clear that the rating of UFF has never served its development or its modernization over the past two decades, explains the general manager of Abeille Michel Labrosse, also chairman of the board of directors of UFF.
Aviva France, renamed Abeille Assurances at the end of last year, is a general insurance player. He evolves in the Ama galaxy, born of the merger a few months earlier of the insurers Macif and Asio.