Press release Neuilly-sur-Seine, 3 February 2022 Peugeot Frères Industrie is strengthening its presence in Tooling, the original sector of the Peugeot brand, with the planned acquisition of the Tivoly group followed by the filing of a simplified tender...
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Press release Neuilly-sur-Seine, 3 February 2022 Peugeot Frères Industrie is strengthening its presence in Tooling, the original sector of the Peugeot brand, with the planned acquisition of the Tivoly group followed by the filing of a simplified tender offer Peugeot Frères Industrie and the Tivoly family announce that they have entered into exclusive negotiations for the acquisition by Peugeot Frères Industrie of a majority stake in Holding Tivoly and the direct acquisition of Tivoly S.A. shares from certain members of the Tivoly family. Holding Tivoly is the majority shareholder of Tivoly S.A, the French market leader in cutting tools, whose shares are listed on Euronext Growth. If the acquisition is completed, Holding Tivoly will file a simplified tender offer for all Tivoly S.A. shares. The transaction would include (i) the purchase of 8,401 ordinary Holding Tivoly shares corresponding to 78.08% of the share capital and voting rights of Holding Tivoly, which in turn holds 777,307 or
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