Castillon SAS made an offer to acquire remaining 13.7% stake in Devoteam SA (ENXTPA:DVT) for approximately €190 million on October 14, 2021. Castillon SAS will pay €168.5 for each share. As per terms of transaction, If the shares not tendered to the offer by the minority shareholders do not represent more than 10% of the capital and voting rights of Devoteam, Castillon will request the AMF to implement a squeeze-out procedure in return for compensation equal to the Offer price.

The Supervisory Board of Devoteam has unanimously accepted the offer, subject to the conclusions of the independent expert and the ad hoc committee. The Offer will not be subject to any regulatory approvals or other conditions. Supervisory Board of Devoteam has set up an ad hoc committee.

Subject to the AMF's opinion of compliance, the Offer is expected to open on December 9, 2021. Crédit Agricole Corporate and Investment Bank S.A. acted as financial advisor and Darrois Villey Maillot Brochier acted as legal advisor to Castillon SAS. Geoffroy Bizard of Eight Advisory acted as the independent expert to the adhoc committee.