(CercleFinance.com) – Groupe Parot announces the lifting of all conditions precedent to the acquisition by NDK, parent company of the Tressol-Chabrier Group, of a majority stake, a transaction for which negotiations were announced in December last.
This news now paves the way for the transaction to be finalized, with a deadline of no later than April 30 for the transfer of the controlling block in the distributor of passenger and commercial vehicles.
The filing of the mandatory simplified public purchase offer (OPAS) by NDK on the balance of Groupe Parot shares, excluding treasury shares, at a price of 8.83 euros per share, should take place in accordance with the schedule foreseen.