Aurelia investments entered into an agreement to acquire 97% stake in Duc Société Anonyme (ENXTPA:DUC) from Centrale Coopérative Agricole Bretonne SCA, Verneuil Participations SA (ENXTPA:VRNL) and Financière Duc SA on December 20, 2016. As part of the agreement, the refinancing was signed on the basis of €1.1 per share, which will also be the price of the public offer planned by Plukon. Following the acquisition, Aurelia investments will hold 97% stake in Duc Société Anonyme. Following the acquisition, Aurelia Investments will launch a squeeze out offer. Aurelia investments is committed to invest €31 million in Duc, including a capital increase of €11 million reserved for Aurelia Investments B.V. The transaction involves takeover of all of the 802 employees with permanent work contracts for a period of four years and guarantees. A new Board of Directors was formed, with the new Chairman as Peter POORTINGA, the Chief Executive Officer of Plukon. The transaction is subject to certain conditions including authorization of the Competition Authority, approval of the Court of Commerce of Evry and shareholders of Duc in an Extraordinary General Meeting to be held on January 31, 2017. The transaction was approved by the Commercial Court of Evry on December 20, 2016. As of January 31, 2017, the competition authority and shareholders of Duc approved the deal. Sandra Esquiva-Hesse, Romain Lantourne, Margaux Mouclier, Sophie Leprince, Alexandre Omaggio and Sylvain Clérambourg of FTPA acted as legal advisor for Duc Société Anonyme. Alexandre Bensoussan and Rudy Jourdan of Lefevre Pelletier & Associes acted as legal advisor for Duc Société Anonyme. Gilles Grinal of Grinal Klugman Aumont & Associés acted as legal advisor for Duc Société Anonyme. William Bourdon and Bertrand Repolt of Cabinet Bourdon & Forestier acted as legal advisor for Verneuil Participations SA (ENXTPA:VRNL). Fabien Lim, J. Gamiette and T. Kerdoncuf of IDIA-SODICA acted as financial advisors for Duc Société Anonyme. Charles-Henri Carboni and O. Allard of Bauland, Carboni, Martinez & Associés acted as conciliator. Clotilde Delemazure, G. Péchadre and C. Alquier of Grant Thornton acted as auditor for seller. P. Héry, Jaud de Jousselinière, A. Abdat and Ben Osmane of Ernst & Young LLP acted as auditor for Aurelia Investments B.V. Thierry Goutard, Pieter Van Uchelen, Nicolas Fournier, Ombline Ancelin, Julia Gori, Jean-Yves Marquet and Taous Mabed of Simmons & Simmons acted as legal advisor to Plukon Food Group BV, the parent of Aurelia investments. Anne-Laure Drouet of Ernst & Young Société d'Avocats acted as legal advisor to Plukon Food Group BV. Michel Jockey, Mana Rassouli and Jean-Nicolas Soret of Altana acted as legal advisor to D’Aucy, a lender and shareholder of Duc. European Strategic Consulting Group acted as financial advisor for Aurelia Investments B.V. Fabien Lim and Julien Gamiette of IDIA-SODICA acted as financial advisor for seller. Aurelia Investments B.V. completed the acquisition of 97.7% stake in Duc Société Anonyme (ENXTPA:DUC) from Centrale Coopérative Agricole Bretonne SCA, Verneuil Participations SA (ENXTPA:VRNL) and Financière Duc SA on January 31, 2017.