Mr Bricolage announced on Monday that it had finalized the reorganization of its shareholding structure, with its member shareholders now holding a large majority of capital and voting rights, in line with the project presented at the beginning of June.
ANPF, a company owned by the network's shareholder members, has acquired, via its subsidiary SIMB, "2,350,000 Mr Bricolage SA shares from the Tabur family", according to the press release. It thus increases its indirect stake from 42.58% to 65.20% of the capital. These shareholders increased their voting rights in Mr Bricolage SA from 50.01% to 73.23%.
The total value of the transaction was 34.5 million euros, representing a price of 14.70 euros per share. The share was trading at 12.84 euros (+0.94%) on Monday morning.
The transaction was partly financed by the Group's own funds, to the tune of 5.7 million euros, and also by a bank loan of 28.8 million euros. "This operation preserves the shareholder stability of Mr Bricolage SA and enables its management to devote itself entirely to the operational development of the group", the company emphasizes.
The ANPF "has undertaken to vote at the next Annual General Meeting in favor of renewing Michel Tabur's directorship for a further 6 years". He retains 3.28% of the capital in a personal capacity.
With its affiliated stores, Mr.Bricolage represents a network of 838 outlets in 12 countries and a sales volume of 2.16 billion euros in 2015.
Article published on Monday, July 11, 2016 on Le Figaro.fr
