Fosun Property Holdings Limited made an offer to acquire an additional 41.1% stake in Paref SA (ENXTPA:PAR) for €36.3 million on September 18, 2017. As part of the deal, Fosun Property will acquire 0.49 million shares of Paref SA at a price of €73 per share through a tender offer. Levy-Lambert family's group will not tender its remaining stake of 8.86% or 0.11 million shares in Paref SA, under the offer. In addition, the offer excludes 0.11 million shares held by Anjou Saint Honoré SAS subject to option to purchase and placed under receivership. The bid schedule will be set by Autorité des marchés financiers (AMF). The deal is subject to AMF approval. On October 4, 2017, the Autorité des Marchés Financiers approved the offer. The offer will commence on October 5, 2017 and will expire on October 18, 2017. The offer was presented by Rothschild Martin Maurel. Fosun Property Holdings Limited completed the acquisition of an additional stake 30.5% stake in Paref SA (ENXTPA:PAR) for €26.9 million on October 19, 2017. Following the transaction, Fosun holds 71.37% stake in Paref.