Clasquin: signing of the transfer contract

(Boursier.com) — After finalization of the information and consultation procedures of the staff representative bodies of Clasquinwhich issued a favorable opinion, Yves Revol, Olymp and SAS Shipping Agencies Services Sàrl (SAS), a subsidiary of MSC Mediterranean Shipping Company SA, signed, on January 18, a share transfer contract relating to the acquisition by SAS of 42.06% of the share capital of Clasquin, at a price of 142.03 euros per share.

The transaction is supported by the Managing Director of Clasquin and key members of the management team, who have committed to tender their Clasquin shares as part of the public purchase offer of SAS, representing in total approximately 8, 5% of the share capital. Following the transaction, the Clasquin Group would continue to operate its activities with its teams and under the Group’s brands: Clasquin, Timar, LCI-Clasquin Cargolution, CVL, Exaciel, Art Shipping International and Transports Petit in particular.

Completion of the operation, subject to obtaining authorizations from the competent regulatory authorities, should take place by the end of the year.

SAS will file with the Financial Markets Authority (AMF), following the completion of the operation, a public purchase offer for the remaining Clasquin shares, at the same price of 142.03 euros per share. This draft offer will be submitted for approval to the AMF.