Advising Business & Decision and the family group Bensabat in connection with the sale of a controlling stake of around 63,98 % of the share capital of Business & Decision, a company listed on Euronext Paris, to Orange Business Services.
This acquisition project, which was announced on 18 May 2017, has led to the launch of an information and consultative procedure with employee representative bodies of Network Related Services and of Business & Decision.
The acquisition of a majority stake would be made in cash on the basis of a maximum price of 7.93 euros per share. The transaction is subject to the approval of the relevant competition authorities and the closing of share transfers regarding certain subsidiaries within the Business & Decision group.
Following the acquisition of this majority interest, Orange will file a proposed simplified takeover bid at 7.93 euros per share covering all of the shares it does not already hold in Business & Decision. This offer is pending approval by the French Market Authorities (AMF) and the appointment of an independent expert as required by article 261-1 of the authority’s general regulations.
The offer values the entire capital of Business & Decision at approximately 62.5 million euros. Specialising in data and digital services, Business & Decision is a leading player in Business Intelligence and CRM (Customer Relationship Management). The company has 2,500 employees in France and internationally, particularly in Europe.
This acquisition project is part of Orange Business Services’ development strategy, which aims to position it as a global player in digital transformation and as a global leader across the entire data services value-chain.