Agriculture group InVivo and top financiers to de-list retailer Teract (updated)

Teract SA

15/01/2026 19:39

Adds more detail from paragraph 3 onwards

PARIS, Jan 15 (Reuters) - French agriculture company InVivo and the leading French financiers behind retailer Teract TRACT.PA said on Thursday they would buy out the remaining shares in Teract and then de-list Teract from the stock market.

Teract was founded in 2022 by major Paris financiers Xavier Niel, Moez-Alexandre Zouari and Matthieu Pigasse, and InVivo was already the majority shareholder in the company.

InVivo said the buyout and de-listing would improve Teract's business performance via a simpler corporate structure.

"The proposed public buy-out will facilitate this strategic refocusing within a framework better suited to transformation cycles and to InVivo Group's long-term growth," said InVivo.

"It is also intended to provide Teract with an environment that will enable investment, simplified governance and faster execution of its industrial and business plan project," it added.

The buyout offer will be priced at 3.12 euros per Teract share. Teract shares closed at 0.96 euros on Thursday, giving it a market capitalisation of 67 million euros ($77.8 million).

($1 = 0.8610 euros)

 (Reporting by Sudip Kar-Gupta; Editing by Susan Fenton and Diane Craft)

 ((sudip.kargupta@thomsonreuters.com; +33 1 49 49 53 84;))