Berkem: shares jump after announcement of proposed takeover bid

(CercleFinance.com) - Groupe Berkem shares jumped on Thursday following the announcement of a simplified takeover bid for the plant-based chemistry specialist.


The operation will take the form of a contribution in kind by Kenercy, the holding company of CEO Olivier Fahy, of 100% of its shares to Kenerzeo, in association with investment giant Eurazeo.

Kenerzeo's proposed simplified takeover bid will then target all the Groupe Berkem shares it does not hold, at a price of 3.10 euros per share.

On the Paris Bourse, Groupe Berkem's share price climbed 58% on Thursday to stand at close to three euros by mid-day.

Founded in 1993 by Olivier Fahy, now Chairman and CEO, Berkem manufactures plant-based superactivators and high-quality biosourced solutions that boost the performance of synthetic molecules.

With nearly 250 employees at its headquarters in Blanquefort (Gironde) and five industrial sites, the company generated sales of 51.9 million euros in 2023.

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