Having obtained the green light from the AFM, Sopra Steria announces the launch of its friendly takeover bid for Ordina shares, at a unit price of 5.75 euros. The offer will start on July 19 and close on September 26.

The IT services group had announced this takeover bid last March. Ordina's two main shareholders, who together hold around 26.2% of the shares, as well as its CEO and CFO, irrevocably agreed to contribute their shares.

'The combination creates a partner of choice in the IT consulting sector in BeNeLux', Sopra Steria stated in March, adding that this acquisition will develop its presence in geographical areas deemed strategic.

Copyright (c) 2023 CercleFinance.com. All rights reserved.