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The Financial Markets Authority relaunches the auction for the resumption of the nugget Believe

2024-03-25T15:26:12.442Z

Highlights: The Financial Markets Authority relaunches the auction for the resumption of the nugget Believe. The financial policeman slaps the fingers of the company's board of directors and asks it to consider an offer from Warner Music Group, competing with that submitted by the consortium of the current boss. This is a warning without cost, but one that should intensify the fight for the recovery of Believe. In a… This article is reserved for subscribers. You have 70% left to discover. Flash sale €4.49/month for 12 months.


The financial policeman slaps the fingers of the company's board of directors and asks it to consider an offer from Warner Music Group, competing with that submitted by the consortium of the current boss.


This is a warning without cost, but one that should intensify the fight for the recovery of Believe.

In a notice made public on Friday, the Financial Markets Authority (AMF) slapped the fingers of the consortium supposed to take this company specializing in the support and distribution of independent artists and labels off the stock market.

Believe has been the object of desire in recent weeks.

As a reminder, a consortium including the EQT fund, alongside the company's general manager Denis Ladegaillerie and the American fund TCV, announced on February 12 its intention to acquire 72% of the capital before proceeding with a delisting. by repurchasing the shares for 15 euros per share.

The consortium conditioned these successive stages on obtaining regulatory authorizations, but above all a recommendation from the board of directors of Believe on the interest of the offer.

At the end of February, however, a sign of interest also came from Warner Music Group (WMG).

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Source: lefigaro

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