Cybergun S.A. (ENXTPA:ALCYB) alongside Emmanuel and Frédéric Couraud, managers of Valantur, entered into a memorandum of understanding to acquire 20% stake in Valantur F.G. from Bpifrance on March 10, 2021. Bpifrance remains a financial partner of Valantur and its subsidiaries. The transaction is financed using Cybergun's available cash. Cybergun will have 2 representatives on the Board of Valantur, including Hugo Brugière, Chief Executive Officer of Cybergun. Emmanuel Couraud, Chairman of Valantur, joins the Board of Cybergun. Valantur has annual turnover of nearly €25 million.