ATEME SA (ENXTPA:ATEME) signed an agreement to acquire 87% stake of Anevia Société Anonyme (ENXTPA:ALANV) for €18.3 million on October 6, 2020. Under the terms of the transaction, ATEME will acquire 4.97 million shares and the consideration will be paid in Kind and cash and stock. ATEME will issue 1 shares for every 10 shares of Anevia and a cash payment to €2 per shares for 85% stake and will pay €3.5 per shares for 2% stake. The transaction will be followed by the offer for remaining shares for €3.5 per shares and squeeze out. After transaction Alexis Delb, Laurent Grimaldi and Valéry Huot will resign from Board of Directors, Anevia will separate functions of Chairman of Board of Directors and Chief Executive Officers, Laurent Lafarge will continue as Chief Executive Officer and Michel Artières will be appointed as Chairman of Board of Directors. The transfer of the majority block remains subject to the delivery of the official appraiser reports, in accordance with the applicable legal and regulatory provisions. The transaction is unanimously approved by board of directors of ATEME and Anevia Société. The operations required to complete the transaction have begun and the acquisition of the majority stake remains subject to one technical condition that should be lifted rapidly, allowing the natural course of the transaction to continue. The share transfer is expected to be completed in the next few days. As of October 26, 2020, ATEME completed the acquisition of 85% stake in Anevia. Completion of 85% stake follows the delivery by the contribution auditors of their reports, in accordance with applicable legal and regulatory provisions.

ATEME SA (ENXTPA:ATEME) completed the acquisition of 87% stake of Anevia Société Anonyme (ENXTPA:ALANV) on November 5, 2020. A mandatory public offer at €3.5 per share is expected to be completed by January 2021. On January 19, 2021, ATEME completed the squeeze-out of remaining share of Anevia. Ateme issued 0.07 million new ordinary shares as part of the stock portion of the deal, under which it had agreed to exchange one of its shares for ten Anevia units, in addition to a cash payment of €2 per share.