Prologue Société Anonyme (ENXTPA:PROL) made an offer to acquire 84% stake in O2i Société Anonyme (ENXTPA:ALODI) from Jean-Thomas Olano and other shareholders for €18.5 million on October 1, 2014. Prologue proposed to shareholders to tender their O2i rights to a public exchange offer on the basis of 3 Prologue shares for 2 O2i shares. For the bonds, Prologue will issue 3 new Prologue shares (plus the payment of a balance corresponding to the current coupon) against 2 bonds convertible into O2i shares. Moreover, Prologue offers to pay €0.05 in cash against 1 O2i BSAAR warrant. Prologue plans to submit a public offer by the end of October 2014, subject to shareholder approval and the issue of new shares. As on November 28, 2014, the management of O2i group confirmed its opposition to proposal which will not offer any synergy and would be translated for its shareholders by a loss in value. As of February 26, 2015, the Board of O2i unanimously rejected the offer. As of April 2, 2015, the the French Financial Markets Authority to declared the non-conformity of the public exchange offer. As on June 8, 2015, Prologue Société acquired 26.09% stake in O2i. As of July 21, 2015 a Georges Seban will be the Chairman of the Board of Directors and Jean-Thomas Olano will be the Managing Director of O2i. Following the signature of a support treaty by Financière Olano concerning the 10% of the capital of O2i, the group Prologue now holds 39% of the capital of O2i. Ricol Lasteyrie Corporate Finance acted as financial advisor for O2i Société Anonyme.

Prologue Société Anonyme (ENXTPA:PROL) completed the acquisition of additional 23% stake in O2i Société Anonyme (ENXTPA:ALODI) on July 21, 2015.