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Advising CaixaBank and Hodefi in the sale of their equity share in Boursorama to Société Générale SA

07 Jul 2015

Advising CaixaBank and Hodefi in connection with the assignment of their equity stake in the share capital of Boursorama to Société Générale (representing 20.5% of the share capital and of the voting rights).

The price paid by Société Générale Group will be the same than the one offered to minority shareholders during last year’s simplified takeover offer and squeeze out procedure (retrait obligatoire), meaning €12 per share.

This transaction ends the partnership between Société Générale Group and CaixaBank which began in 2006 after the sale of CaixaBank France to Boursorama by CaixaBank. Therefore, the shareholders agreement signed in May 2006 and renegotiated in March 2014 by both institutions also terminates.

Following this acquisition, Société Générale Group will remain the sole shareholder of Boursorama with 100% of the share capital and of the voting rights.

    * Arnaud Pince
    * Cédric Chanas
    * Côme Chaine
    * Stéphanie Gérard

Matter Type
M&A: Seller's Counsel
Industry
Finance & Banking
News Category
Banking & Finance
M&A