- Orange has agreed to acquire 63.98% of the capital of Business & Decision, an international consulting and systems integration group, listed on Euronext Paris
- This acquisition aims to strengthen Orange Business Services’ activities as a data services integrator and operator in France and internationally
- Not for distribution in the United States of America -
Orange today announces the signature of a contract between Network Related Services (an Orange Group subsidiary) and the majority shareholders of Business & Decision (the Bensabat family) concerning the acquisition of 63.98% of the capital of the company.
This acquisition project, which was announced on 18 May 2017, has led to the launch of an information and consultative procedure with employee representative bodies of Network Related Services and of Business & Decision.
The acquisition of a majority stake would be made in cash on the basis of a maximum price of 7.93 euros per share. The transaction is subject to the approval of the relevant competition authorities and the closing of share transfers regarding certain subsidiaries within the Business & Decision group.
Following the acquisition of this majority interest, Orange will file a proposed simplified takeover bid at 7.93 euros per share covering all of the shares it does not already hold in Business & Decision. This offer is pending approval by the French Market Authorities (AMF) and the appointment of an independent expert as required by article 261-1 of the authority’s general regulations. This price represents a premium of 34% compared to the average share price over the 12-month period preceding the announcement of exclusive negotiations.
This acquisition is part of the development strategy of Orange Business Services as a global player in the digital transformation and a leader across the value chain of data services.
explains Thierry Bonhomme, Deputy Chief Executive Officer of the Orange Group in charge of Orange Business Services.
, says Jean-Louis Didier, Chairman and CEO of Business & Decision.
The deal is expected to close early 2018.