(AOF) – At the end of the board of directors of October 13, Makheia Group announces the launch of a merger project with Net Media Group, which recently entered the capital of the group and whose reference shareholder is Pascal Chevalier, president of Reworld Media. The operation will be carried out by merger-absorption of NetMedia Group by Makheia Group. The objective is to create a new French leader in BtoB media, communication and content marketing. The new group will be made up of 8 operational subsidiaries, for a turnover of 40 million euros in 2023.
This project will be the subject of a new decision by the board of directors of Makheia Group, at the end of which the merger agreement will be adopted and will be submitted for the approval of the extraordinary general meeting of shareholders of Makheia in December. 2022, as well as that of NetMedia Group.
This operation follows the entry of NetMedia Group into the capital of Makheia Group, which took place in mid-September. As a reminder, NetMedia Group acquired a block of 10,071,812 shares, i.e. 20% of the capital of Makheia Group, as well as the last tranche of convertible bonds held by Isatis Capital.
The proposed merger aims to continue consolidating the structure of the new group. The exchange report, supported by a multi-criteria approach based on the usual valuation methods, will soon be finalized and communicated.
The merger auditor, appointed by order of the President of the Commercial Court of Nanterre, will draw up reports on the terms of the merger and on the value of the contributions, which will be made available to shareholders.
At the end of the aforementioned Board of Directors, the agenda as well as the draft resolutions of the extraordinary general meeting of Makheia will be published in the Bulletin des Annonces Légales Obligatoires.
All of the information documents relating to the proposed merger will soon be made available to shareholders. Makheia Group shares will remain admitted to trading on Euronext Growth.
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