Groupe Bertrand agreed to acquire Financière Flo SAS on April 25, 2017. In a related transaction, Groupe Bertrand signed a memorandum of understanding to acquire an unknown majority stake in Groupe Flo SA (ENXTPA:FLO). The transaction remains subject to the completion of certain conditions precedent, amongst other the authorization from the French Competition Authority. 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. Orrick Rambaud Martel acted as legal advisor for Groupe Bertrand. Groupe Bertrand cancelled the acquisition of Financière Flo SAS on April 25, 2018.