Limagrain Participations SAS made an offer to acquire 28.78% stake in Vilmorin & Cie SA (ENXTPA:RIN) for approximately ?410 million on April 28, 2023. The Offer will be initiated by Limagrain Participations SAS, a company fully controlled by Limagrain, holding in total, with other entities of the Group acting in concert with it (Limagrain, Groupe Limagrain Holding and Sélia), 71.22% of the capital of Vilmorin & Cie. The Offer will enable Vilmorin & Cie's Shareholders to benefit from immediate liquidity for their investment.

The financing of the operation will be provided by Limagrain's banking partners. The simplified public tender offer will not be subject to any regulatory approval or other conditions. The offeror has a right of compulsory acquisition to acquire remaining shares, upon closing at same financial terms. The proposed Offer will be filed today with the AMF and, subject to the AMF's compliance decision, the Offer is expected to open at the end of June and close by mid-July.

As of June 21, 2023, Tender offer will commence from June 22, 2023, and will close on July 17, 2023. Finexsi acted as fairness opinion provider to Vilmorin & Cie SA (ENXTPA:RIN). Société Générale Securities Services SA acted as financial advisor to Limagrain Participations.

Lazard Frères Banque SA acted as financial advisor to Limagrain Participations SAS. Fabrice Veverka and Eduardo J. Fernandez of Willkie Farr & Gallagher LLP acted as legal advisors to Vilmorin & Cie SA.