Colas Squeeze-out Offer

Portzamparc BNP Paribas advised Bouygues Construction (https://www.bouygues-construction.com/), on its Squeeze-out Offer on Colas (https://www.colas.com/fr/) a French construction and infrastructure maintenance company.

Portzamparc BNP Paribas acted as Sole presenting Bank, Guarantor and Deal Broker of the transaction.

👉 Details of the transaction :

• Bouygues filed at a price of €175 per share, at a premium of 54.2% over last closing price before the announcement
• Colas valuation at offer price: €5.7Bn
• During the Offer, Portzamparc purchased c.0.6m shares on the market
• At the end of the offer, Bouygues announced holding c.32.2m shares representing 98.67% of share capital and 99.03% of voting rights
• The Squeeze-out has been implemented on Dec 2023.