Clifford Chance has advised SCOR SE (“SCOR”) on the implementation of the mandatory squeeze-out of the shares of M.R.M. SA (“MRM”) following the simplified public tender offer as a result of which SCOR held approximately 93.44% of MRM’s capital and voting rights.
The mandatory squeeze-out relates to the shares not held by SCOR acquired at a price of €35.50 per share, valuing MRM at approximately €113.9 million for 100% of the capital.
The mandatory squeeze-out is effective as of 23 December 2024, date on which MRM shares are delisted from the regulated market of Euronext Paris.
This operation allows SCOR to strengthen its control over MRM and to directly manage its real estate portfolio, providing greater flexibility in implementing its asset valuation and arbitrage strategy.
Clifford Chance advised SCOR SE on Corporate/M&A aspects with a team composed of Aline Cardin (Partner), Mathieu Remy (Partner), and Benjamin Saada (Senior Associate), as well as on tax aspects by Alexandre Lagarrigue (Partner).
MRM was advised by Hoche Avocats with Didier Fornoni (Partner), Vincent Guilaine (Senior Associate), and Antoine Bourgoin (Associate).
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