French financial holding company Eurazeo will pay 132 million euro ($184.4 million) to buy OFI Private Equity, Reuters reported. Eurazeo will offer 10 of its shares for every 54 shares in OFI. The offer values OFI at 10.52 euros per share, representing a 14% premium to the company’s stock price at Thursday’s close, Reuters wrote.
(Reuters) – French financial holding company Eurazeo said on Tuesday it had struck a deal to buy OFI Private Equity, 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)
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