Groupe Gorgé : Merger between Groupe Gorgé and ECA – simplified tender offer on 10% of ECA’s capital
>Merger-absorption by Groupe Gorgé of its listed subsidiary ECA - The first-half results (comments page 2) were overshadowed by yesterday evening’s announcements. Groupe Gorgé announced a merger-absorption of ECA in which it already owned 65% of the capital and 78% of voting rights. The parity will be 9 Groupe Gorgé shares for 5 ECA shares, i.e. 1.8 Groupe Gorgé shares for 1 ECA share.The purpose of the merger is primarily to simplify de Groupe Gorgé’s structure,...Groupe Gorge is a holding company engaged in three areas of operation: Smart Safety Systems (develops Smart Safety Systems designed to operate in hostile and constrained environments for civil and defense sectors); Protection in Nuclear Environments (protection solutions in nuclear environments: shielding by partition systems in nuclear power stations & protection against radiation for staff working in nuclear environments); and Industrial Project Services (industrial projects and maintenance, creating production tools and turnkey operation areas, projects and services in industrial robotics, iron works, automation, 3D printer offerings, electricity and fire fighting systems).
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.
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