Bolloré Increases Offer Prices and Exchange Ratios for Key Buyout Offers

Bolloré SE has announced an increase in the price and exchange ratio for its public buyout offers, followed by mandatory squeeze-outs, as initially declared on September 12, 2024. The targeted companies are Compagnie du Cambodge, Financière Moncey, and Société Industrielle et Financière de l'Artois.

The offer for Compagnie du Cambodge now includes a cash price of EUR 110 per share, up 18.28% from EUR 93. Alternatively, shareholders can opt for an exchange rate of 4.69 Universal Music Group (UMG) shares per Compagnie du Cambodge share, up from 4.07 UMG shares.

For Financière Moncey, the cash offer is now EUR 133 per share, an increase of 12.71% from the initial EUR 118. The exchange offer has been adjusted to 5.67 UMG shares for each Financière Moncey share, compared to the previous 5.17.

The offer for Société Industrielle et Financière de l'Artois features a cash payment of EUR 10,627 per share, rising 14.27% from EUR 9,300. The exchange ratio is now 453 UMG shares per Artois share, previously 407.

No other elements of the tender offers are modified. Independent expert BM&A, led by Pierre Béal, will evaluate the revised terms to determine their fairness.