Euronext, the main stock exchange in the euro zone, on Wednesday morning suspended the listing of OL Groupe, a holding company which notably owns Olympique Lyonnais. ” Euronext will suspend the listing of the shares […] as of market open today and pending issuance of a press release relating to the transaction with Eagle Football “, could we read in a brief press release from OL.
This suspension of trading foreshadows a quick outcome of the sale to the American group Eagle Football, majority owned by John Textor. Originally scheduled for September 30, the formalization of this takeover, valued at nearly 800 million euros, has been postponed to October 21, the group led by Jean-Michel Aulas for 37 years referring to technical stages to be finalize.
Through Eagle Football Holdings LLC, John Textor is to acquire all of the shares and half of the Osranes (bonds convertible into shares to finance the construction of the Groupama stadium) held by Holnest -the holding company of the Aulas family-, plus the all shares and Osranes held by Pathé (Jérôme Seydoux) and the Chinese investment fund IDG Capitals.
Holnest holds 27.72% of the capital. Pathé and IDG, which have 19.36% and 19.85% respectively, announced on March 9 that they wanted to sell their shares by mandating the Raine bank to do so.