(AOF) – Lanson-BCC (group made up of eight Champagne wine producing houses, created by Champagne families) and its founding shareholders announce that they have signed a contract with FIAG Holding. The contract concerns the takeover in two blocks of its entire stake in Lanson-BCC, representing 5.03% of the group’s capital. Together, on March 22, 2023, they bought back a first block of 171,050 shares at a unit price of 35 euros.
First, 60,000 shares were bought back by Lanson-BCC for a total amount of 2.1 million euros. These shares are intended to be retained and subsequently delivered for exchange or as payment in the context of external growth operations, in accordance with applicable regulations.
Then, 111,050 shares were taken over by the Paillard, Boizel and Baijot family blocks for a total amount of 3.9 million euros.
At the same time, FIAG Holding has undertaken to sell by November 30, 2023 to Lanson-BCC and its founding shareholders the balance of its stake, i.e. 171,050 shares, at a unit price of 36 euros, after payment of the dividend under the fiscal year 2022.
Following the acquisition of the first block, the founding shareholders of the group will hold 88% of the capital and 89.6% of the voting rights of the company. The treasury shares will represent 1.8% of the capital.
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Soaring energy prices and a call for help
In the past, energy represented a fixed cost of 3% of turnover. This year, this percentage rises to 5% or even 7% for VSEs-SMEs, according to Ania (National Association of Food Industries). Professionals are very worried because until the end of 2022 they generally benefit from coverage to cushion these increases. However, they have not been renewed for 2023 and after. Consequently, 25 of the main inter-professional organizations (Intercereals, Inaporc, Semae, etc.) are calling on the State for help in the face of the erosion of their margins and their capacity to investment.
The State has proposed several devices, including an “electricity damper”, which are deemed insufficient. The organizations also deplore the failure of European negotiations to achieve a tariff shield to avoid distortions of competition. Agriculture and agri-food require a maximum ceiling price of €180/MWh, while many companies buy at prices above €500/MWh on the French market.