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Natixis acquires majority stake in Belgian payments firm Dalenys

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Natixis acquires majority stake in Belgian payments firm Dalenys

France-based Natixis has acquired, through its fully owned subsidiary Natixis Belgique Investissements, a 50.04% stake in Belgium-based payment solutions firm Dalenys from the latter's majority shareholders, Saint-Georges Finance and Dalenys founder Jean-Baptiste Descroix-Vernier, at a price of €9 per share.

Natixis also agreed to acquire shares held by various Dalenys group managers for €9 per share. Following the transaction, Natixis will hold a 54.26% stake in Dalenys, representing 61.31% of the latter's voting rights.

In light of the changes, Saint-Georges Finance, Jean-Baptiste Descroix-Vernier, Corinne Chatal, Jean-Marie Messier and Gilles Lioret are leaving Dalenys' board and will be replaced by Catherine Fournier, Jean-Luc Thérond, Didier Darmouni, Teresa Mora Grenier and Banel Kane. Dalenys CEO Thibaut Faurès Fustel de Coulanges will continue to sit on the board, along with three current independent directors. Catherine Fournier, CEO of Natixis Payment Solutions, will chair the new board.

Following completion of the transaction, Natixis Belgique Investissements will launch a mandatory takeover bid for all remaining Dalenys shares it does not own at a price of €9 per share.

In addition, Dalenys said it sold its Digital Virgo telecoms business, which is a prerequisite for the Natixis transaction.

Natixis is a unit of Groupe BPCE.