The Belgium Financial Services and Markets Authority has published a notice that it received from Gramo BV regarding its intention to launch an unconditional mandatory public takeover bid in cash for all Deceuninck NV securities with voting rights, or giving access to voting rights, that are not already held by Gramo or its affiliated persons. The notice concerns Deceuninck, whose shares are listed on Euronext Brussels, and sets the offer price at EUR 2.11 per share. The mandatory bid was triggered after Gramo and its affiliated persons crossed the 30% threshold. As at 9 June 2026, they held 41,558,930 Deceuninck shares, or 29.99%. Following the exercise of 1,050,000 warrants and the acquisition of 1,050,000 additional shares on 11 June 2026, their holding rose to 42,608,930 shares, or 30.52%. The offer therefore covers the remaining 96,986,330 shares, representing 69.48% of Deceuninck's share capital. Deceuninck also has 5,369,940 outstanding warrants, some of which are non-exercisable and all of which are non-transferable, with their valuation to be included in the prospectus. Gramo stated that it does not intend to voluntarily reopen the offer or reopen it as a simplified squeeze-out offer.
Belgium Financial Services and Markets Authority2026-06-17
Belgium Financial Services and Markets Authority publishes notice of Gramo's mandatory cash bid for Deceuninck at EUR 2.11 a share
The Belgium Financial Services and Markets Authority has published notice that Gramo intends to launch an unconditional mandatory cash takeover bid for the remaining Deceuninck securities at EUR 2.11 per share. The bid was triggered after Gramo's holding rose to 30.52% following the exercise of 1,050,000 warrants and acquisition of 1,050,000 additional shares. Gramo said it does not intend to reopen the offer voluntarily or as a simplified squeeze-out.