Shares in Dalenys were delisted from Euronext Brussels and Euronext Paris on Feb. 26 after French bank Natixis completed a squeeze-out of the Belgian payment solutions firm's remaining minority shareholders.
Natixis launched the squeeze-out after increasing its stake in Dalenys to 97.6% in January. A total of 348,220 Dalenys shares had been tendered under the squeeze-out, which ran from Feb. 5 to Feb. 23 and entitled the minority shareholders to receive €9 per Dalenys share and €1.43 per warrant tendered.
The 108,289 shares and 5,000 warrants in Dalenys that were not tendered during the squeeze-out period were deemed transferred to Natixis by operation of law.
Natixis is a unit of Groupe BPCE.
