Osmozis signs agreements for a majority acquisition by the Passman Group

On May 28, 2024, Osmozis announced the signing of agreements for the acquisition of a majority block of shares by the Passman Group. This project follows the favorable opinion of the Osmozis social and economic committee.

This transaction provides for the transfer of several blocks of shares held by the founders, other individual shareholders, and LBO Asset Management. This represents approximately 88.56% of Osmozis' capital. Finalization is scheduled for June 6, 2024, subject to customary conditions precedent.

The acquisition price is 13.50 euros per share for the founders and other shareholders, and 15.00 euros per share for LBO Asset Management. Once the transfers have been completed, the Passman Group will launch a simplified takeover offer for the remaining shares at 15.00 euros per share.

If the takeover bid is successful, a compulsory withdrawal procedure for shares from the stock exchange will be initiated. The OPAS project is still subject to examination by the AMF, which must verify its compliance.