Chargeurs: its board of directors in favor of the takeover bid


(AOF) – Following the proposed voluntary public purchase offer without intention of delisting, filed on December 14, 2023 by Colombus Holding and Colombus holding 2 on the capital of Chargeurs, the board of directors formed an ad committee hoc, mainly composed of independent directors in order to prepare a reasoned opinion on the draft offer. On the proposal of the ad hoc committee, the board of directors has appointed the firm Didier Kling Expertise & Conseil (independent expert) whose mission will be to issue a report on the financial conditions of the offer.

Following a detailed analysis, the independent expert concluded that “the offer price of 12 euros is fair from a financial point of view for all holders of Chargeurs shares”.

The Chargeurs Board of Directors unanimously adopted the ad hoc committee’s proposal and delivered a reasoned opinion. It takes note of “the intention of the initiators not to proceed with a delisting and to leave the listed company with a significant free float”.

He also notes that the financial conditions of the offer are fair for the company’s shareholders. It concludes that the offer is consistent with the interests of the company, its shareholders and its employees.

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