Following this operation, Michel Tabur, who still holds 3.28% of the capital on a personal basis, will remain on as a director and continue to support the Group with its development.
This operation aims to ensure the continued stability of Mr Bricolage’s shareholding structure.
The shares have been bought by SIMB at an ex-dividend price of €14.70 following the exemption from the requirement to file a public offering with the French financial markets authority (AMF).
Mr Bricolage SA, which groups independent DIY stores with 838 stores in 12 countries generated a volume of sales of €2.16 billion in 2015.
Edmond de Rothschild Corporate Finance (Christophe Marchand (CEO), Emmanuelle Dittmer (Executive Director), Laure Klein (Associate)