CitizenPlane SAS agreed to acquire 97.63% stake in Travel Technology Interactive (ENXTPA:ALTTI) for a total valuation of ?17.8 million on December 21, 2023. The transfer of the shares was carried out on the basis of (i) a unit price per TTI share of ?2.34 and (ii) a unit price per TTI BSA of ?1.27, with a total valuation of ?22.3 million. The acquisition of this controlling block enabled Citizen Plane to exercise a compulsory acquisition mechanism for the remaining 2.37% of TTI shares held by minority shareholders, which will be carried out in the first quarter of 2024.

ODDO BHF SCA, Cambon Partners, acted as financial advisors and CNPLaw LLP, Chammas & Marcheteau Selarl acted as legal advisors for CitizenPlane SAS. The main sellers of the Control Block are advised by Rothschild & Co (financial advisor) and Volt Associés. (legal)