On October 14, 2022, the Board of Directors of Groupe Flo appointed Finexsi as independent expert in connection with the proposed public buy-out offer to be followed by a squeeze-out initiated by Bertrand Invest SAS and targeting the Groupe Flo shares.

Following its due diligence, Finexsi issued a fairness opinion on December 12, 2022, which was attached to the note in response.

The assignment was led by Lucas Robin, assisted by Adeline Burnand.