Advium issued a fairness opinion to the Board of Directors of Musti Group Plc in connection to the voluntary recommended public cash tender offer for all shares in Musti Group Plc by a consortium comprising Sonae – SGPS, S.A., Jeffrey David, Johan Dettel and David Rönnberg through Flybird Holding Oy. The tender offer values Musti Group Plc’s total outstanding equity at approximately EUR 868 million.

The Board of Directors of Musti Group Plc, represented by a quorum comprising the non-conflicted members of the Board of Directors who are not members of the consortium, has unanimously decided to recommend that the shareholders of Musti Group Plc accept the tender offer.

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