On July 18, 2024, SRM announced that UNATRAC Holding Limited (UHL) had decided to withdraw from its acquisition agreement for a 51% controlling stake in Groupe Premium S.A. The deal, originally struck on July 12, 2024, was negotiated between UHL and several key stakeholders in Groupe Premium, including Amethis Fund II SICAR S.C.A., Richard Robelin, Eric Lefort, and Loic Lefort. With this acquisition, UHL was poised to secure a majority influence over Groupe Premium S.A., which currently holds a 78.12% stake in SRM.
However, UHL unexpectedly chose to terminate the agreement before the acquisition could be finalized, a move that sparked immediate backlash from the selling shareholders. Expressing strong opposition, the sellers have reserved their right to defend their interests, indicating that they may seek legal remedies in response to UHL’s decision.
In this unfolding dispute, both UHL and the sellers have stated their commitment to protect their respective rights, signaling that legal action could be the next step in resolving the contested termination. This conflict has set the stage for a potentially lengthy legal process, and all eyes are now on what comes next for SRM, Groupe Premium, and the involved parties as the future of the acquisition hangs in the balance.
