Clasquin : Projected Acquisition in France

Regulatory News :

CLASQUIN SA (Paris:ALCLA) has entered into exclusive negotiations for the acquisition of LAFONT-CHAVENT INTERNATIONAL – LCI.

LCI is specialised in freight-forwarding between France, Maghreb and Turkey. LCI is established in France (Villefranche sur Saône (69), La Crèche (79) et Vitrolles (13)) and has also three subsidiaries and affiliates in Tunisia.

Proforma financial information, estimated as of September 30, 2014 are:

• Sales : 18,1m€;
• Gross profit: 6,8m€.

LCI also has a strong profitability.

Mr. Yves CHAVENT would continue to be the managing director of LCI.

CLASQUIN would own 80% of the share capital. Mr. Yves CHAVENT would remain a minority shareholder, and Mr Cédric CHAVENT, sales manager of LCI, would also be a minority shareholder.

This transaction is expected to bring new business opportunities for CLASQUIN GROUP in Maghreb and to allow synergies.

Subject to the ongoing negotiations and usual condition precedent, the closing of the transaction is expected for the end of March 2015.

Clasquin is part of EnterNext© PEA-PME 150 index.