Metamor Holdings (France) owns over 98% of the outstanding ordinary shares of Decan Groupe and over 99% of its outstanding convertible bonds. Decan Groupe is listed on the Paris stock exchange. The aggregate purchase price is approximately Euro 58.5 million; however, due to adjustments and an escrow, proceeds at closing are expected to be approximately Euro 33.5 million.
The parties anticipate that the transaction will be completed within the next few weeks, upon the satisfaction of the closing conditions. There can be no assurance that the transaction will be completed.
