Premier Investissement SAS offered to acquire an additional 13.99% stake in Les Nouveaux Constructeurs SA (ENXTPA:LNC) for €78.5 million on September 2, 2016. Under the offer, Premier Investissement SAS will acquire 2.24 million shares of Les Nouveaux Constructeurs SA not already owned by it and parties acting in concert with it, at €35 per share. The shares to be acquired will not include 0.13 million shares owned by certain members of the management board who have agreed not to contribute their shares to the offer. Premier Investissement SAS does not intend to ask for the removal of the shares of Les Nouveaux Constructeurs SA from the regulated market of Euronext Paris nor to proceed with mandatory delisting of Les Nouveaux Constructeurs SA. As of October 17, 2016, the Supervisory Board of Les Nouveaux Constructeurs SA has decided to recommend the offer to the shareholders. Olivier Grivillers of HAF Audit & Conseil acted as independent expert for the Supervisory Board of Les Nouveaux Constructeurs SA. The offer was presented by Portzamparc Société on behalf of Premier Investissement SAS. BNP Paribas acted as financial advisor to Premier Investissement SAS.