Pathé SAS agreed to acquire the remaining 34% stake in Les Cinémas Gaumont Pathé Services SNC from Gaumont SA (ENXTPA:GAM) for €380 million on March 1, 2017. The payment of €380 million will be staggered, half of the price will be paid on conclusion of the sale and the balance will be paid in three instalments of equal amounts on June 30, 2018, June 30, 2019 and June 30, 2020. The deal is subject to Pathé obtaining financing and opinion of Gaumont’s Works Council. The deal has been approved by the Boards of Directors of both Pathé and Gaumont. Pathé SAS entered into a purchase agreement to acquire the remaining 34% stake in Les Cinémas Gaumont Pathé Services SNC from Gaumont SA (ENXTPA:GAM) on May 16, 2017. The transaction has been approved at the combined shareholders' meeting of Gaumont on May 16, 2017. The deal is expected to complete on May 18, 2017. Grégoire Chertok, Noémie Villeroy de Galhau, Arnaud Joubert, Jean-Baptiste Petetin and Elsa Fraysse of Rothschild & Co SCA (ENXTPA:ROTH) acted as financial advisors for Pathe. BNP Paribas SA acted as financial advisor to Gaumont SA. CMS Bureau Francis Lefebvre acted as legal advisor to Gaumont SA . Patrick Bonvarlet and Vincent Bourrelly of Sullivan & Cromwell LLP acted as legal advisors to Pathe. Pathé SAS completed the acquisition of the remaining 34% stake in Les Cinémas Gaumont Pathé Services SNC from Gaumont SA (ENXTPA:GAM) on May 16, 2017.