Tarkett's controlling shareholder, the Deconinck family, has announced the launch of a public takeover bid for the remaining shares of the flooring manufacturer. This offer will be open from 10 April to 25 April 2025. The proposed offer is €16 per share in cash. Currently, the Deconinck family owns 90.4% of the share capital and 94.7% of the voting rights in Tarkett.
Following the closure of the takeover bid, the intention is to initiate a squeeze-out procedure and to delist Tarkett's shares from the Euronext Paris stock exchange. These steps will be implemented as soon as possible after the announcement of the results of the bid.
The Deconinck family is cooperating in this process with Luxembourg-based investment funds Expansion 17 and Global Performance 17, both part of the Wendel Group. This collaboration is aimed at supporting Tarkett's growth and development.
Founded in 1886, Tarkett is a global player in innovative flooring and sports solutions, with a presence in more than 100 countries. The company offers a wide range of products, including vinyl, linoleum, carpet and wood flooring, and serves diverse sectors such as healthcare, education, residential and sports.
The proposed acquisition and subsequent delisting mark a significant step in the Deconinck family's strategy to strengthen control of Tarkett and further develop the company beyond its public markets.
More information:
Tarkett Group
www.tarkett-group.com