Memorandum of Understanding for the merger between FSDV and the BMG Group

FAYENCERIES DE SARREGUEMINES, DIGON & VITRY LE FRANCOIS (FSDV) has announced the signing of a memorandum of understanding with the BMG Group. This agreement provides for the merger of the two entities through the contribution of 89.99% of the shares of OPUPELUS, the BMG Group's holding company, to FSDV.

This project would allow FSDV to rebuild its assets, while BMG would gain access to the regulated market of Euronext Paris, thus facilitating external growth operations. However, this transaction would result in a significant dilution of FSDV's current shareholders, with Messrs. Louis and Nicolas RAME holding a significant post-transaction stake.

The BMG Group, a real estate specialist with approximately €860 million in assets, operates in several sectors, including commercial real estate and coworking. The merger is subject to certain conditions, including obtaining AMF approval and shareholder approval.