OL Groupe: LDLC Arena sold to a group of investors led by Jean-Michel Aulas for €160m

"Eagle Football Group (formerly OL Groupe) announces the signature of an agreement with Holnest (Jean-Michel Aulas' family holding company) and a group of investors and institutions, for the sale of all shares in OL Vallée Arena (the company operating the LDLC Arena)," said the group on 06/06/2024. Exclusive and confidential discussions between the two parties had been announced on 02/04/2024.

"The transaction was authorised by the board of directors on 05/06/2024. The sale of 100% of the company's shares and current account of Eagle Football Group is worth around €70m, based on a valuation of the company estimated at around €160m. The transaction will be settled in the form of Eagle Football Group shares held by Holnest for around €16m, and the balance in cash for around €54m. The transaction is expected to close on 12/06/2024," explained the Group.

HOLARENA, a company formed as part of this transaction, is 60% owned by Holnest. The company's other shareholders are Groupama Rhône-Alpes Auvergne, the second largest shareholder (15%), Groupe LDLC, through its subsidiary LDLC Invest…