Report
Jerôme Bodin

Believe : An offer of € 15 per share made by a consortium, including the CEO

>Aiming for a delisting, two and a half years after the IPO - Believe announced this morning on offer of € 15 on all shares in circulation by a consortium consisting of Denis de Ladegaillerie (CEO) and the funds TCV and EQT. It should be launched in H1 2024. It shows a 21% premium on the last share price. It is above our target price of € 11 but below the list price at June 2021 (€ 19.5). The press has been mentioning a possible offer in the last two weeks. It therefo...
Underlying
BELIEVE SA

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Jerôme Bodin

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