Business
Update on the Acquisition of a Majority Stake in Vinpai by Camlin Fine Science Limited
SAINT-DOLAY, France, November 25, 2025--Regulatory News: This press release must not be published, distributed or transmitted, directly or indirectly, in the United States of America, Australia, Canada, South Africa or Japan.
About this update from Vinpai S.a.
[{"type":"text","content":"SAINT-DOLAY, France, November 25, 2025--(BUSINESS WIRE)--Regulatory News:","length":73,"tagName":"p"},{"type":"text","content":"This press release must not be published, distributed or transmitted, directly or indirectly, in the United States of America, Australia, Canada, South Africa or Japan.","length":168,"tagName":"p","attribs":{}},{"type":"text","content":"Vinpai (ISIN: FR001400AXT1; ticker: ALVIN), a specialist in the design, manufacture and marketing of algae- and plant-based functional ingredients for the food and cosmetics industries ("Vinpai" or the "Company"), today announces that Camlin Fine Science Limited ("CFSL") received on November 18, 2025 all required Indian regulatory approvals for the issuance of new ordinary shares of CFSL (the "CFSL Consideration Shares") at a price of INR 247.69 per share (EUR 2.39). The CFSL Consideration Shares are to be issued as consideration for the acquisition of a majority stake in Vinpai’s share capital at a price of EUR 3.60 per Vinpai share sold by certain shareholders of the Company (the "Block Acquisition")1. In line with these approvals, on November 24, 2025, CFSL’s board of directors approved the allotment of the CFSL Consideration Shares to the relevant selling shareholders.","length":935,"tagName":"p"},{"type":"text","content":"The completion of the allotment marks a further step in the implementation of the Block Acquisition, consistent with the terms previously communicated. The Block Acquisition is expected to be completed within the end of the month.","length":230,"tagName":"p"},{"type":"text","content":"Subject to, and upon completion of the Block Acquisition, the 3,300 convertible bonds issued by the Company to the benefit of CFSL on October 20, 2025 will be converted into ordinary shares of Vinpai. Following such conversion, CFSL will file a simplified cash tender offer for the remaining outstanding shares of Vinpai’s share capital (the "OPAS") at the same price of the Block Acquisition.","length":403,"tagName":"p"},{"type":"text","content":"CFSL has therefore confirmed2 the definitive timetable of the Block Acquisition and the filing of the draft OPAS which will be as follows:","length":138,"tagName":"p"},{"type":"text","content":"- November 18, 2025: Indian regulatory in-principal approvals relating to t...