Visiativ: the stock is rising, discussions with a view to a sale – February 12, 2024 at 10:13 am
Économie

Visiativ: the stock is rising, discussions with a view to a sale – February 12, 2024 at 10:13 am

Visiativ rises this Monday on the Paris stock exchange on information showing that the specialist in digital transformation for SMEs has started talks with a view to its acquisition by the Marseille group Snef.

The latter, which is mainly present in electrical engineering and industrial mechanics, has entered into exclusive negotiations with the main shareholders of Alliativ, Visiativ’s controlling holding company.

The talks concern the acquisition of a controlling share of approximately 75.7%, based on a price of 37 euros per share, which would value Visiativ at almost 170.7 million euros.

The transaction was favorably received by Visiativ’s board of directors, subject to receipt of a fairness opinion by an independent expert.

Shortly before 10 a.m., the stock rose nearly 32%, marking the second-biggest gain on the Paris market to approach the proposed takeover price.

This price, including coupon, shows a premium of more than 35% compared to the closing price of the share on Thursday evening.

These discussions come as Visiativ saw its turnover increase by 7% last year to 277.2 million euros.

The company has set itself the ambition to double its turnover in five years to 500 million euros in 2028, of which more than 50% is international.

Visiativ now has around 25,000 customers in 15 countries.

“Given the offer from Groupe Snef (premium of 5.7% compared to our price target of 35 euros), we believe that the operation has a good chance of being completed in the coming months,” Euroland analysts responded.

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