M&A Activity • Jan 19, 2015
M&A Activity
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CLASQUIN SA has entered into exclusive negotiations for the acquisition of LAFONT-CHAVENT INTERNATIONAL – LCI.
LCI is specialised in freight-forwarding between France, Maghreb and Turkey. LCI is established in France (Villefranche sur Saône (69), La Crèche (79) et Vitrolles (13)) and has also three subsidiaries and affiliates in Tunisia.
Proforma financial information, estimated as of September 30, 2014 are:
LCI also has a strong profitability.
Mr. Yves CHAVENT would continue to be the managing director of LCI.
CLASQUIN would own 80% of the share capital. Mr. Yves CHAVENT would remain a minority shareholder, and Mr Cédric CHAVENT, sales manager of LCI, would also be a minority shareholder.
This transaction is expected to bring new business opportunities for CLASQUIN GROUP in Maghreb and to allow synergies.
Subject to the ongoing negotiations and usual condition precedent, the closing of the transaction is expected for the end of March 2015.
Yves REVOL – Chairman and CEO Philippe LONS – Deputy Managing Director and CFO Stéphanie CHALANDON – Financial Reporting and Logistics Manager CLASQUIN Group - 235 cours Lafayette - 69006 Lyon Phone : 04 72 83 17 00 - Fax : 04 72 83 17 33 - Mail: [email protected] Clasquin is part of EnterNext© PEA-PME 150 index.
Clasquin is an air and sea freight forwarding and overseas logistics specialist.
The Group designs and manages the entire overseas transport and logistics chain, organising and coordinating the flow of client shipments between France and the rest of the world, and more specifically to and from Asia-Pacific and the United States. Its shares are listed on Alternext Paris, ISIN FR0004152882, Reuters ALCLA.PA, Bloomberg ALCLA FP.
For more information, see www.clasquinfinance.com.
CLASQUIN is eligible for the new share savings plan for MSCs (medium-sized companies) in accordance with Article D221-113-5 of the French Monetary and Financial Code established by decree number 2014-283 of 4 March 2014 and with Article L221-32-2 of the French Monetary and Financial Code which set the conditions for eligibility (less than 5,000 employees and annual sales of less than 1,500 million euros or total balance sheet of less than 2,000 million euros).
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