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Investing.com -- Eiffage has acquired a 7.1% block of Getlink shares at €17.7 per share, representing a premium of approximately 14% compared to the previous closing price.
This purchase increases Eiffage’s total stake in Getlink to 27.66%, establishing it as the company’s largest shareholder by a significant margin. Mundys holds the second-largest position with a 14.9% stake.
The acquisition demonstrates Eiffage’s confidence in Getlink’s medium-term outlook, despite current short-term challenges including UK macroeconomic conditions and a difficult truck market.
The transaction aligns with Eiffage’s previously stated intentions to build a stake of nearly 30% in Getlink. The 14% premium paid in this latest purchase marks the highest premium offered across the four stake-building events that have occurred since 2018.
With Eiffage’s ownership now at 27.66%, it approaches but remains below the 30% threshold that would trigger a mandatory offer under French law. This proximity to the threshold may limit additional support from further purchases.
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