Exclusive: Eagle Football’s Takeover Bid for OL Shares – Complete Details, Dates, and Offer Price

2023-07-19 13:12:15

Eagle Football’s takeover bid for OL shares, validated on Tuesday by the Financial Markets Authority (AMF), will be open from July 20 to August 2 inclusive, as indicated by the French stock market watchdog on Wednesday. Eagle Football is offering to buy back some 21.4 million shares, or 12.19% of the club’s capital, at a price of 3 euros per share, ie a maximum total amount of 64 million euros. According to the AMF, Eagle Football currently owns 78.5% of OL’s capital.

This Tuesday, the same day that the AMF validated the takeover bid, the National Directorate of Control and Management (DNCG) of the Professional Football League confirmed on appeal the measures to regulate the payroll and allowances transfer of the club.

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Alexandra Hartman Editor-in-Chief

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