(AOF) – The automobile distributor Parot announces that it is entering into exclusive negotiations with a view to the acquisition by NDK, holding company of the Tressol Chabrier group, of a majority stake representing 77.67% of the company’s capital. The transfer of this block of control would be carried out at a price per Groupe Parot share of 8.83 euros. In the event of the acquisition of the controlling block being completed, NDK will file a draft mandatory simplified public purchase offer (Opas) on the balance of Groupe Parot shares, not including shares held by Parot, at the same price. .
NDK intends, in the event of reaching the legal threshold at the end of the Takeover bid, to implement a compulsory withdrawal of Groupe Parot shares not tendered to the offer.
The acquisition of the Control Block and the deposit of the Opas would probably take place at the end of the 1st quarter of 2024 for a deposit of the Opas at the beginning of the second quarter of 2024 and a settlement-delivery of the Opas at the beginning of the 3rd. quarter 2024.
The Tressol Chabrier group is a major player in the automobile industry in the South of France, present in 23 cities and 9 departments, distributing 34 car and motorcycle brands through 72 points of sale.
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