Eagle Football will launch a takeover bid for the 10% stake in OL it lacks

“On June 22, 2023, Natixis, acting on behalf of Eagle Football Holdings Bidco Limited, filed with the Autorité des marchés financiers (AMF) a draft simplified tender offer for the shares of the company Olympique Lyonnais Groupe”, indicated the AMF on Thursday, recalling that this project had been announced “on June 20, 2022”.

The buyback will take place at a price of 3 euros per share, ie a sum of nearly 53 million euros (Eagle Football not yet holding, or indirectly holding 17,610,237 shares).

The action of OL Groupe had been suspended since Thursday, “at the request of the company, pending the publication of a press release and until further notice”, according to the site of the stock market operator Euronext . “The quotation of the Olympique Lyonnais group securities will be resumed on June 23 (Friday)”, specified the AMF.

Eagle Football had undertaken, at the end of June 2022, to acquire all the shares and half of the Osranes (bonds convertible into shares issued to finance the construction of Groupama Stadium) held by Holnest, the Aulas family holding company. But also all of the shares held by Pathé and the Chinese investment fund IDG Capitals, in addition to the capital increase of OL Groupe by 86 million euros.

In addition, Eagle Football and OL Groupe must definitively finalize, by the end of June, the sale of OL Féminin to the American businesswoman Michele Kang. But they must also proceed with the sale of the American club OL Reign, owned by OL, in order to eliminate conflicts of interest within the American Women’s Soccer League (NWSL).

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