Bertrand Restauration SAS announced a proposed bid to acquire remaining 22.8% stake in Groupe Flo SA (ENXTPA:FLO) for €36.3 million in August 2019. Under the terms, Groupe Bertrand will pay €0.208 per share of Groupe Flo. Transaction is subject to approval from French market regulator AMF. As of November 20, 2019, Bertrand Restauration SAS will launch a tender offer to acquire additional 22.4% stake in Groupe Flo SA for €35.9 million at a price of €0.21 per share. Tender offer period will run from October 25, 2019 to November 7, 2019. As of November 20, 2019, the offer will close on December 6, 2019. Bertrand Restauration SAS completed the acquisition of additional 5% stake in Groupe Flo SA (ENXTPA:FLO) for €8.1 million on December 6, 2019. Bertrand Restauration SAS acquired 38.3 million shares in the offer at a price of €0.21 per share. Pursuant to the transaction, Bertrand Restauration now holds 45.1 million shares in Groupe Flo SA.