Global Blue Group Holding AG (NYSE:GB) Q3 2025 Earnings Call Transcript February 26, 2025 9:00 AM ET
Company Participants
Jacques Stern – Chief Executive Officer
Roxane Dufour – Chief Financial Officer
Jacques Stern
Good morning, I am Jacques Stern, the CEO of Global Blue, and I am today by Roxane Dufour, the CFO of Group to present you the Quarter Three of 2024-2025.
But before going to the detail of the account, obviously I will walk you through the major event of last week, which has been the announcement of the acquisition by Shift4 of 100% of Global Blue. I’ll give you the main matrix of the transaction. So a purchase price of $7.50 per common shares which is 15% premium versus the closing share price, $10 for preferred shares Series A and $11.81 preferred shares Series B. This value Global Blue at an enterprise value of $2.5 billion which is a multiple of EBITDA, which is around 13 times. Obviously post closing, the Global Blue share will not be any more listed on the New York Stock Exchange. A couple of more information on the transaction. Global Blue Board have unanimously recommended to the Global Blue shareholder to accept the tender offer. And obviously this transaction has also been approved by the Shift4 board. Closing is expected on the third quarter of 2025 after regulatory approval and other customary closing conditions and also subject to a minimum tender of 90% of the Global Blue issued and outstanding common shares and preferred shares.
So this has been a big event for us and we are looking forward to the combination with Shift4, as it’s very complementary between Shift4, which is a US leader in integrated payment and commerce technology player, and Global Blue, which is mainly based, as you know, in Europe and in APAC with
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