Sopra Steria finalizes the acquisition of a majority stake in the capital of CS Group

( — Sopra Steriaone of the European leaders in Tech, recognized for its consulting, digital services and software publishing activities, and CS Groupa major player in the design, integration and operation of critical systems, announces the acquisition, today, of a majority stake by Sopra Steria in CS Group.

This acquisition was made under the acquisition agreement entered into on November 18, 2022 to acquire the shares of CS Group held by Mr. Yazid Sabeg, Chairman of the Board of Directors of the company and Mr. Eric Blanc -Garin, Chief Executive Officer, and their joint holding Duna & Cie representing around 29.73% of the capital of CS Group for a price of 11.50 euros per share.
It was also carried out following the exercise of the sale agreements granted on July 27, 2022 by Cira Holding and the founders of Novidy’s to Sopra Steria relating respectively to approximately 29.15% and 6.38% of the capital of the company. for a price per share equal to that of the main block.

Following this acquisition, and taking into account the 9.80% of the capital and 13.90% of the voting rights already held, Sopra Steria currently holds 75.06% of the capital and 76.21% of the voting rights of CS Group.

CS GROUP will be consolidated in the accounts of Sopra Steria from March 1, 2023.

In accordance with the general regulations of the Autorité des Marchés Financiers, Sopra Steria will soon file a draft simplified mandatory public purchase offer for the balance of the capital at the same unit price of 11.50 euros per ordinary share.

In the event that, at the closing of the offer, the threshold allowing the completion of a squeeze-out is crossed, Sopra Steria will request the implementation of a procedure for the squeeze-out of CS Group shares from the Euronext Paris market.

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