between Alliativ’s main shareholders and Groupe SNEF relating to the acquisition by groupe SNEF of a majority stake in Alliativ (Visiativ’s controlling shareholder)
SNEF and ALLIATIV’s main shareholders entered into a share purchase agreement (the “Share Purchase Agreement”) enabling Groupe SNEF to acquire approximately 75.72% of the share capital of ALLIATIV, the controlling shareholder of Visiatic (ISIN: FR0004029478, mnemonic: ALVIV, eligible for PEA-PME savings schemes).
On 9 February 2024, Visiativ announced that ALLIATIV’s main shareholders and Groupe SNEF had entered into exclusive negotiations with a view to Groupe SNEF acquiring a majority stake in ALLIATIV.
The signing of the Share Purchase Agreement follows the completion of the information-consultation procedure with the employee representative bodies of Groupe SNEF and Visiativ, both supporting the transaction.
As stated in Visiativ’s press release dated 9 February 2024, the transaction could be completed during the first half of 2024 and remains subject to obtaining the usual regulatory authorisations regarding merger control, as well as the formal approval of certain Visiativ’s commercial partners.
The acquisition would be carried out in exchange of a cash payment, based on a value by transparency reflecting a price of €37.00 per Visiativ share (cum dividend), and would be followed by the filing by ALLIATIV of a mandatory tender offer for the remaining outstanding Visiativ shares and all the free shares that may be issued before the close of the tender offer, at a price of €37.00 per share (cum dividend).
