A binding offer to Groupama

Caisse des Dépôts and Icade submit a binding offer to Groupama with view to combinating Icade and Silic

Following the press release on 13 December 2011, Caisse des Dépôts and Icade announce they submitted a binding offer to Groupama today, with view to combinating Icade and Silic, according to the terms exposed in the above mentioned press release.
It is recalled that all the steps in the combination project with Silic (transfer by Groupama of 6.5% of the share capital of Silic to the holding company before 31 December 2011, then transfer by Groupama of the remaining of its Silic shares to the holding company and finally filing by Icade of a share exchange offer for the remaining shares of Silic) would be implemented on the basis of an exchange ratio of 5 Icade shares for 4 Silic shares, 2011 coupons attached for each company.
Download the press release