Advising Business & Decision and the family group Bensabat in connection with the entry of exclusive negociations with Orange, to sell a controlling stake of around 67 % of the share capital of Business & Decision, a company listed on Euronext Paris, to Orange Business Services.

The transaction will be finalized following the procedure of informing and consulting the employee representative bodies of both Network Related Services (an Orange subsidiary) and Business & Decision. It is also subject to the usual suspensive conditions, including the approval of the relevant competition authorities. Once these conditions have been met, the operation will be carried out in cash on the basis of a maximum price of 7.93 euros per share.

In the event of the successful acquisition of a majority stake, Orange will file a simplified public offer for all Business & Decision shares it does not hold. To do this, and subject to the approval of market authorities, Orange will offer shareholders 7.93 euros per share in cash, which corresponds to the maximum price paid by the majority shareholders.

The offer values the entire capital of Business & Decision at approximately 62.5 million euros. Specialising in data and digital services, Business & Decision is a leading player in Business Intelligence and CRM (Customer Relationship Management). The company has 2,500 employees in France and internationally, particularly in Europe.
This acquisition project is part of Orange Business Services’ development strategy, which aims to position it as a global player in digital transformation and as a global leader across the entire data services value-chain.