Openjobmetis announced that French staffing firm Groupe Crit has finalised the due diligence process regarding acquisition plans for the Italian staffing firm.

In December, Groupe Crit announced the signing of a Memoranda of Understanding to acquire Openjobmetis. The acquisition would be carried out in cash at a price of €16.50 per Openjobmetis share.

In its latest announcement, Groupe Crit confirmed the price of €16.50 per share.

The completion of the acquisition is subject to, among other things, the signing of the binding agreements between Groupe Crit and the selling shareholders, as well as to the obtainment of the authorisations, if any, required by the regulations applicable to the transaction, Openjobmetis added.

Should the acquisition of Openjobmetis shares held by Omniafin S.p.A, M.T.I. Investimenti S.r.l. and Plavisgas S.r.l. be completed, Groupe Crit would hold a total stake of approximately 57.7% of the share capital of Openjobmetis and approximately 54.0% of the voting rights (including treasury shares). It would also launch a mandatory tender offer targeting all of the outstanding group’s ordinary shares, and aimed at delisting, at a price per share equal to the consideration.