EDF Renouvelables, S.A. made an offer to acquire 9.49% stake in FUTUREN SA (ENXTPA:FTRN) for €30.4 million on October 1, 2019. FUTUREN's Board of Directors held a meeting on September 30, 2019 in the light of a draft buyout offer, at a price of €1.15 per FUTUREN's share, by EDF Renouvelables Group currently holding, directly and by assimilation, approximately 250 million shares representing 90.50% of the share capital and 90.36% of the voting rights. A squeeze-out will be carried out at the same price after the buyout offer. FUTUREN's Board of Directors, upon recommendation of the committee comprising the independent Directors, appointed the firm Associés en Finance represented by Aurélien Bricout as independent expert for the purpose of assessing the fairness of the financial terms of the buyout offer and the squeeze-out, in accordance with Article 261-1, I and II of the Financial Markets Authority (AMF) General Regulation. Transaction is expected to close by December 20, 2019. Hubert Segain, Laurence Vincent, Alexandra Ferrier, Bruno Knadjian and Romain Martinez of Herbert Smith Freehills Paris LLP acted as legal advisors for FUTUREN. Freshfields Bruckhaus Deringer (France) acted as legal advisor for EDF Renouvelables in the transaction. EDF Renouvelables, S.A. cancelled the acquisition of 9.49% stake in FUTUREN SA (ENXTPA:FTRN) on October 1, 2020.