Eiffel Tower Company: SMABTP Initiates Mandatory Buyout at €8.20 per Share
The SMABTP group has notified the AMF of the implementation of a mandatory buyout for the shares of the Eiffel Tower Company not yet owned, at a price of €8.20 per share, following the completion of the public buyout offer.
Mandatory Buyout Initiated After Public Offer
Following the public buyout offer (Offer), the SMABTP group (comprising the Mutual Insurance Company for Building and Public Works, the Mutual Life Insurance Company for Building and Public Works, SMA SA, and Imperio Insurance and Capitalization) holds 128,923,602 shares of the Eiffel Tower Company, representing 97.01% of the capital and at least 97.00% of the voting rights. On July 21, 2026, Portzamparc, acting on behalf of the group, informed the AMF of the decision to proceed with a mandatory buyout of the remaining 3,966,910 shares, at a unit price of €8.20 per share, net of all expenses.
Implementation on August 3, 2026, and Compensation for Shareholders
In accordance with AMF Notice D&I n°226C1101 dated July 21, 2026, the mandatory buyout will be implemented on August 3, 2026. The SMABTP group has committed to depositing the total compensation amount into a blocked account opened with Uptevia, the centralizer for compensation operations. The funds corresponding to the compensation for shares whose beneficiaries remain unknown will be held by Uptevia for ten years from the implementation of the mandatory buyout, after which they will be transferred to the Caisse des Dépôts et Consignations. These funds will remain available to the beneficiaries, subject to a thirty-year statute of limitations in favor of the state.
