Bernard Krief Consultants SA (ENXTPA:MLKRI) and Park Madison Equities LLC made an offer to acquire the remaining 34.88% stake in Financière Marjos SA (ENXTPA:FINM) for €0.08 million on November 4, 2019. Under the terms of the transaction, Bernard Krief Consultants and Park Madison Equities will pay €0.10 per share as consideration for 0.77 million shares of Financière Marjos. Transaction will be financed from own funds of Bernard Krief and Park Madison Equities.

Bernard Krief Consultants and Park Madison Equities do not intend to carry out a squeeze-out procedure at the end of the planned offer and will not ask for the delisting of Financiere Marjos' shares from the stock exchange. The transaction is subject to approval by the French financial market regulator AMF. The offer is expected to run from November 21, 2019 to December 4, 2019.