Circus Casino France signed a memorandum of understanding to acquire 50.05% stake in Société Française de Casinos Société Anonyme (ENXTPA:SFCA) from Frameliris S.N.C. and Foch Investissements SNC for €3.7 million on December 31, 2019. Circus Casino will acquire 37.05% stake from Frameliris and a 13% shareholding from Foch Investissement. In a related deal, Circus Casino France made a tender offer for the remainder of Societe Francaise De Casinos stake under the same price terms. The acquisitions are subject to closing conditions, including regulatory approval. Circus Casino France cancelled the acquisition of 50.05% stake in Société Française de Casinos Société Anonyme (ENXTPA:SFCA) from Frameliris S.N.C. and Foch Investissements SNC on May 14, 2020. The deal has been cancelled due to the activation of a condition precedent by the CIRCUS Group. The sale contracts have lapsed following the activation of a suspensive clause which allowed Circus Casino France to waive these transactions, in the event of the closure of establishments operated by the Group for more than 10 days. The Group's casinos have in fact been closed by ministerial decision since March 15, 2020 as part of the Covid-19 health crisis.