Aviva Vie SA agreed to acquire a 20.618786% stake in Union Financière de France Banque SA for approximately €70.3 million on November 28, 2022. The Union Financière's Board of Directors has set up an ad hoc committee. The offer has been accepted unanimously by the Board of Directors of Union Financière.

The offeror has a right of squeeze out to acquire remaining shares after offer period at same share price. The offer will remain open for a period of 10 days. As of January 24, 2023, The Autorité des marchés financiers approved the offer.

Ledouble advised Board of Union Financière on the offer.