EDF Energies Nouvelles S.A. entered into a preliminary agreement to acquire 61.6% stake in FUTUREN SA (ENXTPA:FTRN) from BG Select Investments (Ireland) Limited and other majority shareholders acting in concert, including various investment funds managed by Boussard & Gavaudan for approximately €160 million on April 24, 2017. EDF Energies Nouvelles has reached a full and final agreement to acquire 61.6% stake in FUTUREN SA (ENXTPA:FTRN) from majority shareholders on May 11, 2017. EDF Energies Nouvelles will also acquire 96.0% of its convertible bonds (OCEANEs) of FUTUREN for €54.7 million. EDF Energies Nouvelles will offer a price of €1.15 per share and €9.37 per convertible bond (OCEANEs) of FUTUREN. The acquisition by EDF is subject to the consultation of works council of EDF and the approval of its Board of Directors. The closing of final agreements might occur after the procedures applicable pursuant to social regulations and upon approval of the Board of Directors of EDF Energies Nouvelles. The transaction would also be subject to clearance from the relevant antitrust authorities. The deal is unanimously supported by FUTUREN’s Board of Directors. FUTUREN’s Board of Directors has unanimously agreed that the offer made by EDF Energies Nouvelles is in the best interests of the Company and its employees, as well as those of its shareholders and its bondholders, subject to the opinion of an independent expert to be appointed before the offer is launched. Should the transaction go ahead, EDF Energies Nouvelles would launch a simplified public tender offer (OPAS) over all remaining FUTUREN’s shares and convertible bonds in accordance with the financial market regulations. The transaction is expected to be completed by the end of 2017. Olivier Peronnet and Lucas Robin of Finexsi acted as an independent expert to FUTUREN. Laurence Vincent, Sara Gharbi and Hubert Segain of Herbert Smith Freehills Paris LLP acted as legal advisors to FUTUREN and Hervé Pisani of Freshfields Bruckhaus Deringer LLP acted as legal advisor to EDF Energies Nouvelles. White & Case LLP (Paris) acted as legal advisor to Boussard & Gavaudan. Matthieu Lance and Fabien Brunet of Crédit Agricole CIB acted as the financial advisor for EDF Energies Nouvelles. Fady Lahame and Guillaume Dumesnil of Messier Maris & Associés acted as the financial advisor for BG Select Investments (Ireland) Limited and other majority shareholders acting in concert, including various investment funds managed by Boussard & Gavaudan. Stéphane Huten of Hogan Lovells acted as legal advisor to the management of Futuren. EDF Energies Nouvelles S.A. completed the acquisition of 61.6% stake in FUTUREN SA (ENXTPA:FTRN) from BG Select Investments (Ireland) Limited and other majority shareholders acting in concert, including various investment funds managed by Boussard & Gavaudan on June 9, 2017. Following the deal, FUTUREN's Board of Directors duly noted the resignation from their duties as directors Michel Meus, Fady Khallouf and Jérôme Louvet, and appointed three directors proposed by EDF Energies Nouvelles, namely Bruno Fyot, who will also act as Chairman of the Board, Denis Rouhier and Bénédicte Gendry. At FUTUREN's general meeting of shareholders on June 28, 2017 the shareholders will be asked to ratify these appointments and to approve the appointment of two further directors to be proposed by EDF Energies Nouvelles. Fady Khallouf will remain FUTUREN's Chief Executive Officer. The acquisition was completed following the positive outcome to the applicable employee consultation procedures and clearance from the German competition authority (Bundeskartellamt).