Bolloré SA launched a tender offer to acquire remaining 22.1% stake in Blue Solutions Société Anonyme (ENXTPA:BLUE) from Bolloré Participations and others for approximately €110 million on March 12, 2020. Bolloré will pay €17 per share, representing a maximum amount of €110 million if all the shareholders chose to be paid in cash and 29 million Bolloré shares if all opted for payment in shares. As of March 23, 2020, Bolloré removed the stock portion of its tender offer to acquire the stake. The offer will now be made only for €17 per share in cash. Bolloré Participations will tender its 17.6% stake in the offer. As on April 8, 2020, the simplified offer was launched and the offer is open for acceptances for a minimum of ten days. Bolloré intends to implement the squeeze-out procedure at the end of the Offer.

The Blue Solutions Board of Directors has appointed an independent expert to examine the financial terms of the offer.