Natixis, through unit Natixis Belgique Investissements, raised its stake in Dalenys to 97.6% and its voting rights to 97.97%, following the initial acceptance period of a mandatory takeover offer for 8,620,827 shares in the Belgium-based payment solutions firm, or 45.71% of its share capital, at €9 per share and €1.43 per warrant.
Following the transaction, Natixis Belgique Investissements has decided to proceed with a squeeze-out of Dalenys' remaining minority shareholders under the same conditions and terms as the original offer, according to a Jan. 26 joint statement. Upon completion of the squeeze-out, Dalenys' shares will be delisted from Euronext Brussels and Euronext Paris stock exchanges.
The new acceptance period will run from Feb. 5 to Feb. 23, with the results to be published March 2.
In 2017, Natixis acquired a majority 54.26% stake in the Belgian company from the latter's majority shareholders, Saint-Georges Finance and Jean-Baptiste Descroix-Vernier, and group managers for €9 per share.
Natixis is a unit of Groupe BPCE.
