The management of SAS Besacier agreed to acquire SAS Besacier from MECELEC S.A. (ENXTPA:MCLC) for €2.1 million on December 16, 2016. The sale price includes a fixed portion of €0.8 million and an additional earn-out of up to €0.7 million. In addition, there is a repayment of the current account of MECELEC. Hugues Deloche, the assignee and Deputy Managing Director of Mecelec will continue to accompany Mecelec until December 31, 2016. The ad hoc committee of MECELEC composed of three independent directors approved the transaction on the basis of two appraisal reports prepared by experts. The deal is expected to complete by December 31, 2016. The management of SAS Besacier cancelled the acquisition of SAS Besacier from MECELEC S.A. (ENXTPA:MCLC) on December 16, 2017.