Bouygues has announced its intention to file with the AMF in the next few days a draft public buyout offer followed by a squeeze-out procedure for the Colas shares it does not hold, at a price of 175 euros per share.

This operation is part of a simplification of the capital structure of Colas and Bouygues. The conglomerate currently holds 96.8% of the capital and 98% of the voting rights in its road construction subsidiary.

The Colas Board of Directors has also decided to separate the functions of non-executive Chairman of the Board and Chief Executive Officer, entrusted respectively to Pascal Grangé and Pierre Vanstoflegatte.

Following the appointment of Pascal Grangé as Chairman of the Board of Directors, Marie-Luce Godinot becomes Bouygues' permanent representative on the Board and Chairman of the Colas Audit Committee.

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