Clasquin: Oddo BHF boosts TP

(CercleFinance.com) - Oddo BHF maintains its 'outperform' rating on Clasquin shares, raising its target price for them from E95 to E134 (cp: E125, +41%).


The analyst reports that yesterday evening, Clasquin's controlling shareholders (Yves Revol and Olymp) announced that they had entered into exclusive negotiations with SAS Shipping Agencies Services Sarl ('SAS'), a subsidiary of MSC Mediterranean Shipping Company SA, a world leader in shipping and logistics, with a view to selling their entire stake, i.e. 42% of Clasquin SA's capital.

Following the acquisition of the controlling interests of Yves Revol and Olymp, SAS would file a public tender offer for the remaining shares in Clasquin SA with the AMF, Oddo BHF says.

The analyst points out that he had already mentioned the fact that Clasquin was an ideal target in the freight forwarding sector, and that this announcement therefore comes as no surprise.

The broker therefore expects the project to be completed by summer next year, with a high probability of delisting.


Copyright (c) 2023 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.