AMF: Obtains the earn-out payment owed to former shareholders of Systran SA

AMF: Obtains the earn-out payment owed to former shareholders of Systran SA

  • The AMF independent public authority responsible for ensuring that savings invested in financial products protected
  • AMF has succeeded in obtaining the payment of an earn-out to former shareholders of Systran SA by LLsolu
  • The South Korean company had made this undertaking during its public cash offer followed by a squeeze-out
  • Banque Degroof Petercam France will make also the payment to the account-keepers of eligible shareholders
  • The payment of this earn-out was also conditional upon the outcome of a dispute between Systran and the European Commission
  • The AMF wishes to inform the former shareholders of Systran SA that they may now claim the payment

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