STEF S.A. (ENXTPA:STF) signed a memorandum of understanding to acquire Express Marée SAS from family on June 20, 2018. Express Marée had annual turnover of €40 million. Julien Raynaud will join the Executive Committee of STEF Seafood as Operational Managing Director of Express Marée following the completion of the deal. The transaction is expected to close on July 2, 2018. STEF S.A. (ENXTPA:STF) completed the acquisition of Express Marée SAS from family on July 2, 2018.