MSC has submitted a bid to buy a 42% stake in French logistics company Clasquin, continuing its acquisition strategy.
Negotiations
Chairman of Clasquin Yves Revol and Lyon-based private equity firm Olymp are the controlling shareholders of Clasquin and announced they have entered into exclusive negotiations with MSC’s subsidiary SAS Shipping Agencies Services Sàrl (SAS) with a view to the sale of all of their shares.
The shareholders should take their decision by the end of the first quarter of 2024, while the purchase price of the shares “would be determined on the basis of an enterprise value of €325 million and after taking into account adjustments to be agreed between the parties.”
The completion of the transaction would be subject to obtaining clearances from the competent authorities, including competition clearances.
Public tender offer
Following the acquisition of the controlling shareholdings of Revol and Olymp, SAS would file a public tender offer with the Autorité des Marchés Financiers (AMF) for the remaining shares in the capital of Clasquin SA.
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Source : Container news
