WALOR S.A. offered to acquire S.A. GÉVELOT EXTRUSION and DOLD Kaltfliesspressteile GmbH from Gévelot SA (ENXTPA:ALGEV) for €24 million on August 29, 2017. As of October 11, 2017, WALOR signed a contract to acquire S.A. GÉVELOT EXTRUSION and DOLD Kaltfliesspressteile GmbH from Gévelot SA (ENXTPA:ALGEV). Under the terms of the deal, the consideration will be paid in cash and the transaction comprises of the takeover of existing financial debt on the completion date. Walor completed financing from Sodero Gestion (Nantes), BNP Paribas Développement (€5 million each) and a further €5 million from Edmond de Rothschild Investment Partners - ActoMezz in mezzanine financing. In 2016, S.A. GÉVELOT EXTRUSION and DOLD Kaltfliesspressteile GmbH had a turnover of €105.1 million and operating income of €5.1 million. The deal is subject to usual suspensive conditions. As of August 31, 2017, the deal has been unanimously approved by the Board of Gévelot SA. The deal is expected to be completed on the closing date scheduled to be effective at the end of November 2017 and in no later than December 22, 2017. Rothschild & Co has advised Gevelot Extrusion on its disposal to Walor International. Frédéric Bonan and Nathanaël Blanc of I-Deal Development SARL acted as financial advisor, Matthieu Guignard of Cabinet Cornet Vincent Segurel acted as legal advisor, Arnaud Colas and Mathieu Audureau of KPMG Corporate Finance France acted as legal advisor to WALOR. Laurent Buiatti of Transaction R acted as financial advisor and Kuntz et Associes acted as legal advisor to Gévelot SA. WALOR S.A. completed acquisition of S.A. GÉVELOT EXTRUSION and DOLD Kaltfliesspressteile GmbH from Gévelot SA (ENXTPA:ALGEV) for €24 million on December 1, 2017.