Vivendi SA (ENXTPA:VIV) made an offer to acquire remaining 40.8% stake in Havas SA (ENXTPA:HAV) from FMR LLC, Board and managers of Havas and others for €1.6 billion on August 29, 2017. As part of the deal, Vivendi will acquire 172.6 million shares in Havas through a tender offer at a price of €9.25 per share. The offer will remain open for ten days through a period from September 21, 2017 to October 4, 2017.

The deal is subject to approval from AMF. The Offer is not subject to any condition requiring the presentation of a minimum number of shares in order for it to have a positive result. Furthermore, the Offer is not subject to any conditions for obtaining an authorization for merger control or for regulatory matters.

BNP Paribas SA (ENXTPA:BNP) and Natixis S.A. (ENXTPA:KN) acted as the financial advisors for the deal. On September 19, 2017, AMF approved the tender offer.