Fortune Legend Limited made a tender offer to acquire remaining shares of Baccarat S.A. (ENXTPA:BCRA) for €4.6 million on June 4, 2021. Under the terms of transaction, Fortune Legend proposed to take remaining shares at a purchase price of €190 per Baccarat shares. Fortune Legend Limited has indicated that the squeeze-out procedure will be implemented as soon as the tender offer closes. The board of directors of Baccarat S.A. has unanimously recommended to the shareholders of Baccarat S.A. to contribute their shares to the offer. The offer will be open for ten trading days. Mediobanca Banca di Credito Finanziario S.p.A. (BIT:MB) acted as financial advisor to Fortune Legend Limited. Olivier Saba and Karine Angel of Bredin Prat acted as legal advisor to Mediobanca Banca di Credito Finanziario S.p.A. Darrois Villey Maillot Brochier acted as legal advisor to Baccarat S.A. Linklaters LLP acted as legal advisor to Fortune Legend Limited. Agnès Piniot and Mr. Romain Delafont of Ledouble SA, Investment Banking Arm acted as a fairness opinion provider to Baccarat.