Etude de l'AG du 26/01/2018
La présente assemblée générale a pour but de soumettre à l'approbation des actionnaires une augmentation de capital portant sur 853% du capital social actuel, mais 30,5% en terme de capitalisation. En effet, Altran Technologies a réalisé en novembre dernier l'acquisition d'Aricent, une société américaine, pour un montant de 1,7 Mds€. Cette augmentation de capital a pour objet de rembourser une partie du prêt effectué à cette occasion.
L'opération se révèle assez onéreuse au regard des résultats comparés des deux sociétés. Toutefois, elle semble justifiée d'un point de vue stratégique et ne suscite pas d'inquiétude particulière en terme de gouvernance. Par ailleurs, l'opération est effectuée avec le maintien du droit préférentiel de souscription, ce qui protège les actionnaires minoritaires. Nous recommandons donc l'approbation de l'opération.
Altran Technologies is a global player in the advanced engineering and innovation consultancy market, operating in more than 20 countries, particularly in Europe, Asia and North America. Co. advises and accompanies clients in creating and developing new products and services, intervening during the strategic planning stages of new technologies and offering products support and services throughout all developmental phases. Co. offers its consulting services as technical backing, project support and end-to-end services, providing deliveries of customized products. Co. operates in two segments: Innovation and Advanced Engineering Consulting and Organization and Information Systems Consulting.
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As Managing Partner of Expert Corprate Governance Service Ltd (ECGS), Proxinvest has built a large network of corporate governance experts to support clients in corporate governance analysis worldwide.
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