Sopra Steria: A Significant Milestone Achieved in the Group’s Strategy to Refocus Its Activities on Digital Services and Solutions
2024年6月3日 - 3:00PM
ビジネスワイヤ(英語)
- signature of the agreement for the sale by Sopra Steria to
Axway Software of most of Sopra Banking Software’s
activities
- signature of the agreement for the sale by Sopra Steria to
Sopra GMT of 3.619 million Axway shares
Regulatory News:
Sopra Steria (Paris:SOP), a major player in the European tech
sector, has announced the conclusion on May 31 2024 of the binding
agreements related to the global transaction disclosed to the
market in February 2024, specifically the signing of the agreement
for the sale to Axway Software of most of Sopra Banking Software’s
activities, representing a scope of €335 million in revenue in
20231, for an enterprise value of €330 million, as well as the
signature of an agreement for the sale to Sopra GMT of 3.619
million Axway shares (i.e. 16.7% of the share capital) currently
held by Sopra Steria at a price of €26.5 per share, for a total
amount of €95.9 million.
The funding structure of these operations will remain identical
to that announced in February 2024:
- The acquisition of Sopra Banking Software’s assets by Axway
Software will be partially funded by a capital increase with
pre-emptive subscription rights for existing shareholders. Sopra
Steria will not participate in this capital increase and will sell
its pre-emptive subscription rights to Sopra GMT. As part of this
capital increase, Sopra GMT will exercise its pre-emptive
subscription rights as well as those acquired from Sopra Steria,
and will subscribe, if applicable, for any shares that have not
been subscribed by the end of the subscription period. The
agreement for Sopra Steria to sell its pre-emptive subscription
rights to Sopra GMT and Sopra GMT’s commitment to Axway in
connection with this capital increase were also signed on May 31
2024.
- Sopra GMT, the holding company and core shareholder that holds
a 19.6% stake in Sopra Steria, will fund these transactions by
means of a capital increase reserved for a financial partner, One
Equity Partners2, with which Sopra GMT has also entered into a
binding agreement.
On May 21 2024, Sopra Steria’s Board of Directors approved the
signature of the sale agreements following a review by an
independent appraiser (Crowe HAF, see link at the end of this press
release) of the valuation of Sopra Banking Software’s activities
(enterprise value of €330 million) and the price per share of Axway
(€26.5 per share).
The objective remains unchanged to complete these transactions
as soon as possible by the end of the third quarter of 2024. These
transactions will be subject to the requisite regulatory approvals,
including a decision by the AMF not requiring a public offer to be
filed, and the AMF’s approval of the prospectus to be filed by
Axway in connection with its capital increase.
Link to independent expert reports
https://www.soprasteria.com/investors/investorsfinancing-other-documents/sale-of-most-of-sopra-banking-software-s-operations-to-axway-software
Upcoming financial releases
Wednesday, 24 July 2024 (after market close): Publication of H1
2024 results
Thursday, 31 October 2024 (before market open): Publication of
Q3 2024 revenue
About Sopra Steria
Sopra Steria, a major player in the European tech sector with
56,000 employees in nearly 30 countries, is recognised for its
consulting, digital services and software development. It helps its
clients drive their digital transformation and obtain tangible and
sustainable benefits. The Group provides end-to-end solutions to
make large companies and organisations more competitive by
combining in-depth knowledge of a wide range of business sectors
and innovative technologies with a fully collaborative approach.
Sopra Steria places people at the heart of everything it does and
is committed to putting digital to work for its clients in order to
build a positive future for all. In 2023, the Group generated
revenue of €5.8 billion.
The world is how we shape it.
Sopra Steria (SOP) is listed on Euronext Paris (Compartment A) –
ISIN: FR0000050809
For more information, visit us at www.soprasteria.com
_________________________ 1 Excluding intercompany transactions,
which represented revenue of €24 million 2 One Equity Partners will
own around 20% of Sopra GMT’s share capital
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240602625460/en/
Investor Relations Olivier Psaume
olivier.psaume@soprasteria.com +33 (0)1 40 67 68 16
Press Relations Caroline Simon (Image 7)
caroline.simon@image7.fr +33 (0)1 53 70 74 65
Sopra Steria (EU:SOP)
過去 株価チャート
から 5 2024 まで 6 2024
Sopra Steria (EU:SOP)
過去 株価チャート
から 6 2023 まで 6 2024