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IT

Castillon completes tender offer for Devoteam, takes stake to 80%

Friday 18 December 2020 | 17:01 CET | News
Castillon, the company created by the two founders and co-CEOs of Devoteam and their financial partner KKR, is set to hold an 80.1 percent stake in the IT services group (representing at least 78.5% of the voting rights), after it completed its tender offer to take control of the business. The partners behind Castillon launched an initial offer in early November at the price of EUR 98 per share. After this expired, Castillon initiated a second tender offer under unchanged conditions, which closed on 16 December.

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Categories: IT
Companies: Devoteam
Countries: France
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