Voyageurs du Monde: Draft Public Delisting Offer

On September 1, 2026, AVANTAGE announced its intention to file a draft tender offer for the shares of Voyageurs du Monde. The offer, initiated in collaboration with key investors and founders, proposes a price of €180 per share and €182.52 per bond convertible into shares of Voyageurs du Monde.

With an already majority stake of 86.59% of the share capital and 90.83% of the voting rights, AVANTAGE aims to acquire the remaining shares. The offer is subject to approval by the AMF (French Financial Markets Authority), which will set the timetable. If the offer is successful, it could be followed by a mandatory delisting of the remaining shares.

The project is part of a shareholder reorganization strategy and planned capital disengagement through a protocol agreed upon between the founders and investors.