This step represents a key milestone for Groupe Magnolia. The transaction is intended to strengthen the Group’s financial resources in order to further enhance its products and services for borrowers, while accelerating the development of its Health and Savings activities, in particular through its subsidiary Cheval Blanc Patrimoine. The transaction will not impact the Group’s governance structure.

Gérald Loobuyck will continue as Chairman and reference shareholder of the Group, while Alexandre Lamour has been appointed Chief Executive Officer to support the execution of the Group’s strategic roadmap and drive the acceleration of its growth initiatives.