Reuters logo
UPDATE 1-Eurazeo agrees to buy OFI Private Equity
April 26, 2011 / 5:27 AM / 6 years ago

UPDATE 1-Eurazeo agrees to buy OFI Private Equity

PARIS, April 26 (Reuters) - French financial holding company Eurazeo (EURA.PA) said on Tuesday it had struck a deal to buy OFI Private Equity OPEC.PA, an investor in majority stakes in small and medium-sized businesses, for 132 million euros ($184.4 million).

Eurazeo will offer 10 of its shares for every 54 shares in OFI. The offer values OFI at 10.52 euros per share, according to last Thursday’s closing prices, or a 14 percent premium to the company’s stock price at Thursday’s close.

Eurazeo will finance the deal through a capital increase which will leave current OFI shareholders -- including French mutual insurer Macif -- with a 3.7 percent stake in the holding company.

Reporting by Christian Plumb; Editing by Lionel Laurent

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below