The Autorité des Marchés Financiers has declared compliant the proposed public buyout offer for Groupe Flo shares, filed by BNP Paribas on behalf of SAS Bertrand Invest, controlled by Olivier Bertrand.

The offeror irrevocably undertakes to acquire all the shares not held directly or indirectly by Olivier Bertrand, i.e. 616,550 shares, representing 8.06% of the share capital and 4.81% of the voting rights, at a unit price of 21 euros.

Negotiation costs in connection with the public buy-out offer will be borne by the sellers. As the offeror already meets the conditions for a squeeze-out, it has asked the AMF to proceed with the squeeze-out as soon as the offer closes.

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