FN Browning Group, whose subsidiaries include FN Herstal and Browning, announces that it has entered into exclusive negotiations to acquire the French group Sofisport world leader in the manufacture of shotshells and shotshell components for hunting and sport.

The proposed acquisition is based on the strong industrial, geographical and cultural complementarity between Sofisport, a French family-owned company, and FN Browning Group, which is owned by the Walloon Region, part of the Belgian federal state.

In addition, Sofisport's products perfectly complement all the ranges and brands marketed by FN Browning Group. With their world-renowned expertise and strong local industrial base, the two groups are leaders in their respective fields. Their combination represents a unique opportunity to create a world-class European manufacturer, fully integrated in the field of small arms and ammunition.

In a complex international context characterised by increased competition from large integrated players, the combination of the two groups would strengthen their competitive development effects on continuity. position, performance and capabilities, with positive employment and business The acquisition is subject to the satisfaction of customary conditions precedent for this type of transaction, including antitrust and regulatory matters.