Ipsos: launches friendly takeover bid on infas
(CercleFinance.com) - Ipsos announces the launch of a friendly takeover bid for infas Holding AG, a major player in market, opinion and social research in Germany, listed on the Frankfurt Stock Exchange.
Based in Bonn, infas employs over 300 people and posted sales of around E50m in 2023. Its main shareholders - representing around 77.52% of its capital - have already given their support to the acquisition.
This acquisition will enable Ipsos to reinforce its network in Germany: the combined structure will represent over 800 employees, offering its clients an even wider range of innovative research services, under the Ipsos infas name.
The takeover price of E6.80 per share gives infas a valuation of E61.2m. The offer and its schedule remain subject to applicable merger control approvals, with the transaction scheduled for completion at end-2024.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
Based in Bonn, infas employs over 300 people and posted sales of around E50m in 2023. Its main shareholders - representing around 77.52% of its capital - have already given their support to the acquisition.
This acquisition will enable Ipsos to reinforce its network in Germany: the combined structure will represent over 800 employees, offering its clients an even wider range of innovative research services, under the Ipsos infas name.
The takeover price of E6.80 per share gives infas a valuation of E61.2m. The offer and its schedule remain subject to applicable merger control approvals, with the transaction scheduled for completion at end-2024.
Copyright (c) 2024 CercleFinance.com. All rights reserved.