Poulina Group Holding (PGH) announced Wednesday it has submitted a non-binding offer to acquire a 45.48% equity stake in JM Holding from Olea Holding.
JM Holding is the majority shareholder of Société d’Articles Hygiéniques (SAH Lilas), making this transaction equivalent to a 29.9% indirect ownership in the hygiene products manufacturer.
The two parties have signed a non-binding, non-exclusive term sheet for the proposed acquisition. Finalization remains subject to approval by respective corporate governance bodies, satisfactory completion of acquisition audits, execution of standard contractual documents and obtaining required regulatory and administrative authorizations
Stock market intermediary MAC SA advised on the transaction, it was reported by Ilboursa.
