BG Select Investments (Ireland) Limited made an offer to acquire the remaining 44.1% stake in FUTUREN S.A. (ENXTPA:FTRN) for approximately €110 million on June 6, 2016. Under the terms of the offer, BG Select will acquire the Futuren shares at a price €0.70 per share and Futuren convertible bonds at a price of €8.3 per convertible bond. As of August 11, 2016, under the terms of the offer, BG Select will acquire Futuren convertible bonds at a price of €8.07 per convertible bond. As of June 6, 2017, BG Select Investments and the persons acting in concert hold a 55.9% stake in Futuren. B&G has granted it a short-term loan of €16.5 million in order to finance its development, to avoid the mandatory redemption of OCEANE bonds not being made at the expense of resources. The offer was open from July 29, 2016 to August 11, 2016. Sorgem Evaluation acted as fairness opinion provider for FUTUREN. Hubert Segain, Christopher Theris, Veronica Andersson and Stevenn Devaux of Herbert Smith Freehills Paris LLP acted as legal advisors for Futuren. Marc Stehlin and Cyril Boillot of Stehlin et Associés acted as legal advisors for principal shareholders of Futuren. Franck de Vita and Camille Note of White & Case acted as legal advisors in the transaction. White & Case LLP acted as legal advisor to BG Select. BG Select Investments (Ireland) Limited completed the acquisition of a 6.98% stake in FUTUREN S.A. for €57.6 million on August 11, 2016.