The SMABTP group, controlling shareholder of Société de la Tour Eiffel, announced on 1st April 2026 that it has entered into an agreement to acquire blocks of shares representing approximately 1.53% of the share capital of Société de la Tour Eiffel. Further to this acquisition, the SMABTP group will hold 95.35% of the share capital and 95.36% of the voting rights of Société de la Tour Eiffel. In this respect, the SMABTP group announced its intention to file a tender offer followed by a squeeze-out for the shares of Société de la Tour Eiffel that it does not hold.
The offer and the squeeze-out would be carried out at a price per share identical to that of the acquisition of blocks, i.e., €8.20, in line with the Company’s EPRA Net Tangible Assets (NTA), in an amount of €8.16 per share on 31 December 2025. It represents a premium of 115.2% over the last closing share price prior to the announcement of the offer, and 101.8% over the volume-weighted average share price over the last 60 trading days.