Osmozis finalizes majority acquisition by the Passman Group and receives approval from the Board of Directors

On June 6, 2024, Osmozis, specialist in the digital transformation of campsites and holiday residences in Europe, announced the completion of the acquisition of a majority block of shares by the Passman Group. This operation takes place within the framework of agreements signed on May 16, 2024.

The shares, representing approximately 84.70% of Osmozis' capital, were transferred to the Passman Group by founders Gérard Tremblay and Yves Boulot, as well as several institutional shareholders. The price per share amounts to 15 euros for transfers and 13.50 euros for contributions in kind.

The Osmozis Board of Directors has issued a reasoned opinion in favor of this simplified public purchase offer project (OPAS), which will soon be submitted to the Financial Markets Authority (AMF). If approved, a squeeze-out procedure for outstanding shares could be implemented.

The governance of Osmozis was also reviewed with the resignations of Gérard Tremblay and Yves Boulot from their administrative functions, replaced by Patrick Layani and Frédéric Levy.