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on GROUPE PAROT (EPA:ALPAR)

GROUPE PAROT announces the lifting of the conditions precedent for the acquisition of its majority stake by NDK

Stock price chart of GROUPE PAROT (EPA:ALPAR) showing fluctuations.

The Parot Group has confirmed the lifting of all conditions precedent in the context of its acquisition by NDK, the parent company of the Tressol-Chabrier Group, announced on December 22. This outcome paves the way for the finalization of the transaction, scheduled for April 30, 2024 at the latest. The expected signature marks a key milestone, reflecting the commitment of both parties to this acquisition process.

With the lifting of the conditions, the simplified public purchase offer (OPAS) on the remaining Groupe Parot shares is being prepared, set at a price of €8.83 per share, excluding shares held by the Group. Parot and NDK work closely together to meet the established schedule, while following appropriate regulations and governance practices.

Alexandre Parot, director of the Group, expresses his optimism regarding the success of this operation, highlighting the synergies and growth opportunities that this partnership should generate, in particular in the face of the challenges of the electric transition in the automotive sector.

R. E.

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