Groupe Bertrand made an offer to acquire an unknown majority stake in Groupe Flo SA (ENXTPA:FLO) from Financière Flo SAS and others on March 30, 2017. Groupe Bertrand signed a memorandum of understanding to acquire an unknown majority stake in Groupe Flo SA (ENXTPA:FLO) on April 25, 2017. Groupe Bertrand will take control of Groupe Flo through a capital increase of up to €72.3 million. The transaction needs to be approved by the tribunal de grande instance of Nanterre which is due to be approved on April 26, 2017. As of April 26, 2017, the transaction is expected to be completed in five to six months. Autorite de la concurrence approved the deal on May 23, 2017. The transaction is expected to be completed on June 16, 2017. Nicolas Laurent, Mathilde Sigel Financement, Karine Sultan, Hugues Gascon, Olivier Saba, Karine Angel, Isabelle Schmitt, Antoine Le Bihan, Jean-Damien Boulanger, Douceline Chabord, Sébastien de Monès, Victoire de Ménonville, Pierre Honoré and Irène Madero of Bredin Prat acted as legal advisors for Groupe Flo and its management. Ayache Salama acted as legal advisor for the banks. François Kopf, Colin Marvaud, Jean-Baptiste de Martigny, Alexandre Durand, Martin Lebeuf and Martin Grange of Darrois Villey Maillot Brochier acted as legal advisor for Financière Flo SAS. Guillaume Kessler, Alexis Marraud des Grottes, Stanislas Marmion, Caroline Pucel, Julien Beloeil, Emmanuel Ringeval, Patrick Hubert, Lise Damelet, Sarah Fleury, Anne Giraud-Lasserre, Agnès Druot, Emmanuel Bénard and Soumaya Ouzzani of Orrick Rambaud Martel acted as legal advisor for Groupe Bertrand. Laurent Ragot of Hogan Lovells (Paris) LLP acted as legal advisor for Bertrand on tax matters. Rothschild & Co acted as financial advisor to Groupe Flo SA.