OL Groupe: Oddo raises its price target


(CercleFinance.com) – Oddo maintains its ‘neutral’ rating on the OL Groupe share, with a price target raised from 2.3 to 3 euros.

‘Yesterday evening, OL Groupe announced the proposed operation leading to a complete sale of the stake of Pathé and IDG Capital and to a gradual liquidity of Holnest, the family holding company of Mr. Aulas (CEO), for a sale price of 3 E per share’, reports the analyst.

Thus, Holnest, Pathé and IDG Capital have entered into exclusive negotiations with Eagle Football.

If the transaction is successful, Eagle Football will acquire all of the shares and OSRANE held by Pathé and IDG Capital, as well as all of the shares and 50% of OSRANE held by Holnest. Eagle Football will then become the majority shareholder of OL Groupe, up to 80% of the capital (AK included), initially.

‘There is therefore little doubt about the outcome of the takeover bid in Q4 and should, barring a reversal of the situation, lead to a withdrawal from the rating of OL Groupe’, concludes the broker

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