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Natixis launches mandatory takeover bid for remaining Dalenys stake

France-based Natixis, through wholly owned unit Natixis Belgique Investissements, launched a mandatory takeover bid Dec. 8 for 8,620,827 shares and 5,000 warrants in Belgium-based payment solutions firm Dalenys, or 45.71% of its share capital, for a cash amount of €9 per share and €1.43 per warrant.

The initial acceptance period will start Dec. 11 and end Jan. 22, 2018, at 4 p.m. CET.

Natixis Belgique Investissements said it intends to privatize Dalenys.

In October 2017, Natixis, a unit of Groupe BPCE, acquired a majority 54.26% stake in Dalenys from the latter's majority shareholders, Saint-Georges Finance and Jean-Baptiste Descroix-Vernier, and several of the company's group managers for €9 per share. Dalenys holds 3,953 of its own shares, representing 0.021% of its share capital and 0.018% of its voting rights.