(CercleFinance.com) – Bouygues announces its intention to file in the coming days, with the AMF, a proposed public buyout offer followed by a squeeze-out targeting Colas shares that it does not hold, at the price of 175 euros per share.
This operation is part of a simplification of the capital structure of Colas and Bouygues. For the moment, the conglomerate holds 96.8% of the capital and 98% of the voting rights of its road construction subsidiary.
Furthermore, the Colas board of directors has decided to separate the functions of non-executive chairman of the board and general director, entrusted respectively to Pascal Grangé and Pierre Vanstoflegatte.
Following the appointment of Pascal Grangé as head of the board of directors, Marie-Luce Godinot becomes permanent representative of Bouygues on the board and chair of the Colas audit committee.