Richel Group and its advising banks announced today the success of the delisting process.

Following the reorganization in Richel Group’s family shareholding, BNP Paris Développement took a minority stake in Green Step, the new holding who became majority shareholder up to 92,9% on September 22, 2015.

Trocadero Capital Partners was the mezzanine lead-underwritter in this operation.

In accordance with regulations, Green Step launched a takeover followed by a squeeze out (OPAS-RO). This operation, closed on February 10, 2016 was a great success.

Richel Group is the European market leader in the glass and plastic greenhouse market. It designs and produces greenhouses for horticulture and vegetable growing projects. The Group also develops and installs heating, irrigation, handling and climate control equipments, etc.