(BFM Bourse) – The majority shareholder Groupe Bertrand now owns nearly 98% of Groupe Flo, which it plans to delist at a price of 21 euros per share on February 6.
The Bertrand group, controlling shareholder of Groupe Flo, announced on Thursday, in accordance with its intentions, the finalization of the delisting of this commercial catering company in which it holds 97.93% of the capital.
According to the terms of the withdrawal offer validated by the Autorité des marchés financiers, which took place from January 12 to 25, the controlling shareholders “hold 7,493,444 Groupe Flo shares, representing 97.93% of the capital. and at least 98.70% of the theoretical voting rights” of this company, specifies a press release
The shares of Groupe Flo not contributed to the public buyout offer by the minority shareholders will be subject to a compulsory withdrawal, “carried out in return for a monetary compensation” of 21 euros per share, continues this text.
A mandatory withdrawal scheduled for February 6
This compulsory withdrawal will take place on February 6 and “will relate to 158,128 Groupe Flo shares, representing 2.07% of the capital and at most 1.30% of the theoretical voting rights” of the company. The company’s shares will be delisted from Euronext Paris the same day.
At the end of June, Groupe Flo had 121 restaurants owned or franchised, mainly Hippopotamus, but also historic brasseries and concessions.
For its part, Groupe Bertrand is the number one independent catering company in France, with some 850 restaurants. In particular, he owns the franchise for France of the fast food brand Burger King, the brand restaurants Hippopotamus, Léon, Au Bureau and Volfoni and even major Parisian brasseries such as Lipp, La Coupole and Le Vaudeville.
(With AFP)
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