SEGRO France SA made an offer to acquire remaining 5.6% stake in Sofibus Patrimoine S.A. (ENXTPA:SFBS) for €13.4 million on December 18, 2020. Under the terms, SEGRO France SA will acquire the remaining shares of Sofibus Patrimoine at a price of €313.71 per share. Following the Offer, SEGRO intends to implement a squeeze-out procedure on the Sofibus shares not tendered by the minority shareholders of Sofibus in the Offer. The terms of the tender offer and its timetable remain subject to the prior review and approval of the French financial market authority, Autorité des Marchés Financiers. As of march 16, 2021, The Autorité des Marchés Financiers approved the transaction. Consequently, the tender offer will be open from 18 March 2021 to 31 March 2021 (inclusive). Lazard, on behalf of SEGRO France S.A., will acquire all the shares tendered to the offer at a price of €313.71 per Sofibus Patrimoine share. Lazard acted as financial advisor to SEGRO France.