Vilmorin bids farewell to the Paris Stock Exchange after nearly 30 years
On Tuesday, August 1st, Vilmorin said goodbye to the Paris Stock Exchange after almost 30 years of presence on the Paris market. Other prominent French companies have also turned their backs on the Paris Stock Exchange in recent years.
Vilmorin, a renowned company, will not celebrate its 30th anniversary of listing on the Paris Stock Exchange. On Tuesday, August 1st, the French seed company left the Parisian market after the successful simplified public tender offer led by its majority shareholder, Limagrain. The world’s fourth-largest seed company had joined the Paris market on November 3rd, 1993.
Why did Vilmorin decide to turn its back on the Stock Exchange? It was Limagrain who initiated this operation, as the majority shareholder of the seed company wanted to “regain freedom in its strategic choices, particularly regarding its seed activities.”
Limagrain also justifies the launch of this simplified public tender offer by the lack of interest in Vilmorin’s listing on the Stock Exchange, as it has not accessed the market since 2010. This argument had also been mentioned by the Guichard family when they withdrew Manutan from the Paris Stock Exchange. “Given the current shareholding structure of Vilmorin & Cie and the low trading volume, the listing is of little use to the company, which has not accessed the market since 2010,” Limagrain stated last April when announcing this operation.
Vilmorin now joins the list of well-known companies that have turned their backs on the Paris Stock Exchange, including EDF after a series of stock market twists and turns. The energy company left the Paris market 10 months after the announcement of the operation by Prime Minister Elisabeth Borne. The state, which previously held 84% of the company, wanted to have a free hand in financing the maintenance of the current nuclear power plant and the construction of the six future EPR 2 reactors announced by Emmanuel Macron.
For shareholders, this acquisition also marked the end of a tumultuous 18-year stock market journey. Introduced on the Stock Exchange in November 2005 with great fanfare, EDF faced numerous obstacles and was eventually removed from the prestigious CAC 40 index 10 years later.
The exit door offered to shareholders was not met with great enthusiasm and ledVilmorin bids farewell to the Paris Stock Exchange after nearly 30 years
On Tuesday, August 1st, Vilmorin said goodbye to the Paris Stock Exchange after almost 30 years of presence on the Paris market. Other prominent French companies have also turned their backs on the Paris Stock Exchange in recent years.
Vilmorin, a renowned company, will not celebrate its 30th anniversary of listing on the Paris Stock Exchange. On Tuesday, August 1st, the Parisian company left the stock market after the successful simplified public tender offer led by its majority shareholder, Limagrain. The fourth largest seed company in the world had joined the Paris market on November 3rd, 1993.
Why did Vilmorin decide to turn its back on the stock exchange? It was Limagrain who initiated this operation, as the majority shareholder of the seed company wanted to “regain freedom in its strategic choices, particularly regarding its seed activities.”
Limagrain also justifies the launch of this simplified public tender offer by the lack of interest in Vilmorin’s listing on the stock exchange, which has not accessed the market since 2010. This argument had also been mentioned by the Guichard family when they withdrew Manutan from the Paris Stock Exchange. “Given the current shareholding structure of Vilmorin & Cie and the low trading volume, the listing is of little use to the company, which has not accessed the market since 2010,” Limagrain stated last April when announcing this operation.
Vilmorin thus joins the list of well-known companies that have turned their backs on the Paris Stock Exchange, including EDF after a series of stock market twists and turns. The energy company left the Paris market 10 months after the announcement of the operation by Prime Minister Elisabeth Borne. The state, which previously held 84% of the company, wanted, with the acquisition of the entire capital of EDF, to have a free hand in financing the maintenance of the current nuclear park and the construction of the six future EPR 2 reactors announced by Emmanuel Macron.
For shareholders, this acquisition also marked the end of a tumultuous stock market journey of nearlystry agroalimentaire français et décide de s’introduire en Bourse en 1986. Cette opération permet à l’entreprise de financer son expansion et de renforcer sa position sur le marché.
Pendant plusieurs années, Labeyrie connaît une croissance soutenue et devient une référence dans le secteur du luxe accessible. Cependant, en 2014, l’entreprise est confrontée à des difficultés financières et doit faire face à une baisse de ses ventes.
Pour redresser la situation, Labeyrie décide de se retirer de la Bourse en 2015. Cette décision est motivée par la volonté de l’entreprise de se recentrer sur son activité principale et de mettre en place des mesures de restructuration pour améliorer sa rentabilité.
Le retrait de Labeyrie de la cote parisienne marque la fin d’une ère pour l’entreprise, qui avait connu une belle success story depuis sa création. Malgré les difficultés rencontrées, Labeyrie reste un acteur majeur dans le secteur de l’agroalimentaire et continue d’innover pour proposer des produits de qualité à ses clients.
How has Vilmorin’s departure from the Paris Stock Exchange impacted its stock price and overall market perception?
Little use to the company,” stated Limagrain when announcing the operation.
Vilmorin now joins the list of well-known companies that have turned their backs on the Paris Stock Exchange, including EDF after a series of stock market twists and turns. The energy company left the Paris market after the announcement of an operation by Prime Minister Elisabeth Borne. The state wanted to have more control over financing the maintenance of the current nuclear power plant and the construction of future reactors.
For shareholders, Vilmorin’s departure marks the end of a tumultuous 30-year stock market journey. Introduced with great fanfare in 1993, the company has faced numerous obstacles and was eventually removed from the prestigious CAC 40 index.
The exit from the stock exchange was not met with great enthusiasm and led to a decline in Vilmorin’s stock price. However, the company remains optimistic about its future outside of the Paris Stock Exchange, as it focuses on strategic choices and its seed activities. With the support of its majority shareholder Limagrain, Vilmorin believes it can continue to thrive in the global seed market.
