Minority shareholders of OL, Pathé and IDG Capital want to leave the Rhône club. An announcement that makes foreign investors shudder.
IDG Capital Partners and Pathé are about to leave Olympic Lyonnais† The two companies have been minority shareholders of OL for many years, owning 19.85% and 19.36% respectively of the Rhone club’s shares. As their desire to withdraw was revealed in broad daylight, foreign investors quickly contacted Jean-Michel Aulas to express their interest. And as reported by the Bloomberg media, potential buyers have reached out to OL staff and meetings could be held as early as next week to move certain stocks forward.
OL Group press release:
“OL Groupe confirms that it is aware that investors have expressed their interest in an operation enabling the withdrawal of Pathé and IDG Capital from its financing round” 1/2https://t.co/HT3BOvb3S7— Max (@MaxOL69) Apr 22, 2022
In a press release published this Friday, OL Groupe confirmed the interest of several investors without promising, however, that these files will be finalized. “The company confirms that it will continue to implement its development projects within the guidelines defined by the Board of Directors, with the aim of bringing as closely as possible the project to strengthen its financial structure, announced on February 15, 2022, with the ambitions of Pathé and IDG Capital.These works and operations of OL Groupe, carried out under the direction of Jean-Michel Aulas.OL Groupe confirms that it is aware of the fact that investors have expressed their interest in an operation that facilitates the withdrawal of Pathé and IDG Capital from the financing round.” details OL Groupe’s press release before closing.
OL hopes to finalize certain files soon
“However, as highlighted in today’s Bloomberg release, which is being picked up by the website Boursier.com in particular, there is no assurance that the ongoing work will lead to surgery. A number of them have also expressed an interest in participating in the strengthening of the company’s financial structure. The General Management of OL Groupe is being mobilized to enable the completion of this process in the best possible conditions for the company and all its shareholders, including its minority shareholders.” we can read in the official press release of OL Groupe, which confirms the existence of contacts between Jean-Michel Aulas and new investors without knowing whether this will lead to an entry into the capital of OL Band.
