Axway Software SA (ENXTPA:AXW) signed an agreement to acquire Activities of Sopra Banking Software SA for an enterprise value of ?330 million on June 3, 2024. Concurrently, Sopra GMT signed an agreement to acquire 16.7% stake in Axway Software SA from Sopra Steria Group. Axway has secured the financing of this acquisition through the combination of new debt facilities confirmed by Groupe Crédit Agricole and Société Générale, and a share capital increase with preferential subscription rights of around ?130 million. The transactions is subject to obtaining the necessary regulatory approvals and is expected to close by the end of third quarter 2024. The board of directors of Axway has approved the transactions. As of , July 9, 2024, Axway Software announces that all regulatory conditions precedent to the completion of the acquisition have been completed.

Crédit Agricole Corporate and Investment Bank acted as financial advisor to Axway. Société Générale Société anonyme (ENXTPA:GLE) acted as financial advisor to Sopra Steria Group. FINEXSI, SA, Financial Advisory Arm acted as an independent expert to Sopra Steria Group.