Ovalto Investissement filed a public tender offer followed by a squeeze-out to acquire the remaining shares it does not own in French property group Terreïs.
Ovalto is offering to buy 504,114 ordinary shares and 17,052 preferred shares of Terreïs at €34.62 and €38.34 apiece, respectively.
The investor owns 96.36% of Terreïs' capital, following a public share buyback tender offer from July 3 to July 23.
