La bourse du New York Stock Exchange (Photo by Michael M. Santiago / GETTY IMAGES NORTH AMERICA / Getty Images via AFP)
In the annual results press release, OL Groupe revealed a roadmap for the months to come. The listing on the New York Stock Exchange will not take place before the first half of 2024.
Usually, the OL Groupe’s annual results are rather concise and short. With the arrival of John Weaver, no less than seven pages were included in the press release from the group that oversees OL. There is obviously the financial balance sheet between the increasing turnover, the debt which is just as high, but also projections. The fifth and final part concerned the OL Groupe’s roadmap for the coming months. In addition to disengaging from certain non-essential assets, OL Groupe “is considering the possibility of listing its securities in the United States on the New York Stock Exchange in order to potentially benefit from better liquidity and valuation.”
A reorganization within Eagle to come?
If this information is not a surprise since it has been in the air for several weeks, the rest is much more interesting. As part of this possible future listing, a reorganization should first take place. Eagle Football’s interests within Crystal Palace, Botafogo et RWD Molenbeekcould be “transmitted to OL Groupe which would thus become the holding company holding the interests in each of the football clubs in which the Eagle Football group holds interests”. What suggests that the transfers of assets like the Arena will not only serve OL? For the moment, an IPO of OL Groupe is not scheduled before the first half of 2024.
2023-10-25 10:39:43
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