GL events
Welcome to the world of events!
As a leading global player in the events sector, GL events operates in the three main events markets: congresses and conventions, sporting, cultural and political events, and trade shows and consumer fairs.
© Odile Decq architect / Felice Varini – Nicolas Rodet
GL events
Commonwealth Games Gold Coast 2018
GL events, official supplier of temporary grandstand seating for the Gold Coast 2018 Commonwealth Games in Australia. A total of 60,000 temporary seats were installed in thirteen venues.
Commonwealth Games   Gold Coast 2018
Matmut Stadium Inauguration
The project to renovate and modernise the Matmut Stadium in Gerland, launched by Olivier Ginon, the Chairman of GL events, highlights the Group's expertise in terms of engineering, architecture and asset management. The stadium is now home to the LOU Rugby team.
© Nicolas Rodet
Matmut Stadium Inauguration
Geek and Games at the Riocentro
Brazil’s largest event devoted to pop culture and video games is organised and hosted by GL events at the Riocentro, in Rio de Janeiro.
© Light Press 2017
Geek and Games at the Riocentro
Cannes Film Festival
For more than 20 years, GL events has been providing top-of-the-range, tailor-made services for one of the world's most prestigious film festivals.
© Alexandra Fleurantin
Cannes Film Festival
Equita Lyon
The Lyon Equestrian Show, organised and hosted by GL events at Eurexpo, is the largest indoor equestrian event in France.
© Gilles Galoyer
Equita Lyon
"Nuits Sonores" Music Festival
GL events provides the audiovisual services for this major electronic music festival!
© Laure Rousville
"Nuits Sonores" Music Festival
Sirha Green
The first trade fair devoted to ecological food-services. Organised and hosted by GL events, the event brings together the sector’s professionals to address the issues of social and environmental responsibility.
© Diph Photography
Sirha Green
Première Vision Paris
Organised and hosted by GL events, the reference event for the fashion world was held at the Maison de la Mutualité in Paris. It owes its success to its avant-garde selection, bringing together many new products, services and innovations.
© Alexandra Fleurantin
Première Vision Paris
Light Festival Lyon
GL events Audiovisual, an official partner and service provider to the Lyon Light Festival, draws on its expertise and talent for several artistic projects in various venues during this international event.
© Thierry Perre / Partners’ Club of the ‘Fête des Lumières’ / Lyon Light Festival 2017
Light Festival Lyon
Back to Press releases 1999

Générale location take-over bid with partial payment in shares to be issued on the shares of Paris expo

During the course of the Summer and then the Fall of 1999, Générale Location, a company listed on the Second Marché at the Paris Bourse, within the framework of its industrial strategy, took a major stake in the capital of Paris expo, a company also listed on the Second Marché at the Paris Bourse.

Générale Location is to this day the first shareholder of Paris expo, with a 23.5 percent stake of its capital.

Pursuant to the principles regulating the relations between the grantor and the grantee of the exhibition center of the Porte de Versailles in Paris and with the wish clearly expressed to consult tightly with the City of Paris, the Chamber of Commerce and Industry of Paris and the other major shareholders of Paris expo, Générale Location on Monday the 13th of December has lodged a counter take-over bid with the CMF (Comité des Marchés Financiers) and the COB (Commission des Opérations de Bourse).

This offer proposes to the Paris expo shareholders to buy their shares against a payment in cash and in share of Générale location in the following conditions:

- 55 Euros in cash and a Générale Location share yet to be issued (i.e. 51.50 Euros, based on the latest price of the share of Générale Location quoted December 9th, 1999) for one share of Paris expo

- which comes to a total value of 106.50 Euros for one share of Paris expo

The proposed value can be appreciated by the shareholders of Paris expo with the following elements kept in mind:

- the latest price quoted of the share of Paris expo, before its suspension on the 8th of November, 1999, was 58 Euros;

- the take-over bid with partial payment with shares of Générale Location is equal to an 33% increase compared to the modified take-over bid proposed by the company Unibail set at 80 Euros.

For Paris expo, the ambition behind the project is as follows:

- engage into a commercial strategy and an aggressive marketing approach with the objective clearly expressed to be the first place among the large international exhibition centers.

- adopt the investment program in unison with the expectations of show and event organizers in an environment of lively competition on prices and services offered in Europe.

- develop powerful synergies with the other exhibition centers of Paris and the sites managed by the Chamber of Commerce and Industry of Paris while guaranteeing to the organizers the freedom of choice for their service providers.

Générale Location reserves the right to renounce to pursue this Take-Over Bid with the partial payment in shares, if the number of shares presented in response to the bid fails to confer on Générale Location 40 percent of the shares of Paris expo (including the 23.5 percent of shares already held).

The operation thus initiated should be beneficial in term of net profit per share for Générale Location at the start of the fiscal year 2000 and before the impact of the synergies due to the partnership of the two companies is taken into account.

By becoming shareholder of Générale Location, the shareholder of Paris expo has the opportunity to remain an investor in a listed company which has the vocation to reinforce itself in the field of the management of exhibition centers and sites for events in Paris, in France and worldwide.

Today Générale Location brings its expertise capital and its solutions to more than 400 major shows in France and in the world. Générale Location is the designated partner at major sport, economic, cultural, political and social events in Paris, Sydney, Hong Kong, Dubai, Lisbon, Madrid.

Générale Location is already present in the field of exhibition sites management in Paris (Espace Eiffel Branly), in Lyon (Palais des Congrés), Clermont Ferrand (Polydome), Saint-Etienne (Centre des Congrés Fauriel).

 

 

GL events, bringing people together

Managing Director Corporate Finances and Administration : Erick ROSTAGNAT
Telephone :  + 33 4 72 31 54 20
Fax : + 33 4 26 20 42 00
Email : infos.finance@gl-events.com


Code ISIN : FR0000066672
Code Bloomberg : GLO FP
Code Reuter : GLTN.PA
Code FTSE : 581
Code LEI : 9695002PXZMQNBPY2P44

Contacts

Erick Rostagnat - Managing Director Corporate Finances and Administration:
info.finance@gl-events.com
Tel : +33(0)4 72 31 54 20

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