Visiativ: share price rises on news of sale talks

(CercleFinance.com) - Visiativ soared on the Paris stock exchange on Monday on news that the digital transformation specialist for SMEs had entered into takeover talks with the Marseille-based Snef group.


Snef, which operates in electrical engineering and industrial mechanics, has entered into exclusive negotiations with the main shareholders of Alliativ, Visiativ's controlling holding company.

The talks concern the acquisition of a controlling stake of around 75.7%, based on a price of 37 euros per share, which would value Visiativ at nearly 170.7 million euros.

The transaction has been favorably received by Visiativ's Board of Directors, subject to receipt of a fairness opinion from an independent expert.

Shortly before 10:00 a.m., Visiativ's share price had risen by almost 32%, making it the second-highest gainer on the Paris market, to approach the proposed acquisition price.

This price, which includes the coupon, represents a premium of over 35% compared with the share's closing price on Thursday evening.

These discussions come at a time when Visiativ saw its sales increase by 7% last year, to 277.2 million euros.

The company has set itself the ambition of doubling its sales in five years to reach 500 million euros by 2028, more than 50% of which will be generated internationally.

Visiativ currently boasts some 25,000 customers in 15 countries.

In view of the offer made by Groupe Snef (5.7% premium to our target price of 35 euros), we believe that the transaction has a good chance of being completed in the next few months", commented Euroland analysts.

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