Altarea SCA (ENXTPA:ALTA) made a takeover bid to acquire 35.64% stake in NR21 Société Anonyme (ENXTPA:NR21) for €0.54 million on March 28, 2019. Altarea SCA acquired NR21 Société Anonyme for €1.13 per share. In a related transaction, Altarea SCA signed an agreement to acquire 63.63% stake in NR21 Société Anonyme from two shareholders on March 28, 2019.

Following acquisition, simplified takeover bid on remaining NR21 shares will be filed. The shares have been admitted to the regulated market of Euronext in Paris since April 18, 2019 and the shares of NR21 Société Anonyme have been delisted from the regulated market of Euronext in Brussels on May 3, 2019. Board of Directors unanimously appointed Salustro & Associates as an independent financial expert to issue an opinion on the financial terms and conditions of the offer.

The Supervisory Board of NR21 approved the transaction on October 4, 2019 and recommended the shareholders to tender the shares. The transaction is expected to close on October 10, 2019. As of October 23, 2019, the Offer will be open for a period of ten (10) trading days.