Abilways acquires a majority stake in M2i shares from Prologue

Abilways has completed the acquisition of a majority stake of 3,458,673 M2i shares from Prologue, representing 59.94% of the share capital. This acquisition triggers the filing of a simplified public tender offer at a price of €8.50 per share. M2i's Board of Directors has made significant governance changes, including the appointment of Jonathan Azoulay as Chairman and Chief Executive Officer.

The acquisition, subject to approval by the French Competition Authority, strengthens Abilways' position in the education and training sector. A proposed public offering is expected to be filed by May 2025, with a potential closing in July.