Sucre Deal Ltd. made a voluntary offer to acquire Forges Tardieu Ltd (MUSE:FORT.I0000) for approximately MUR 240 million on September 10, 2019. Sucre Deal Ltd entered into a binding agreement to acquire Forges Tardieu Ltd (MUSE:FORT.I0000) on November 19, 2019. Shareholders holding a total of 1,786,800 have already accepted the offer. Under the terms of the offer, Sucre Deal will pay MUR 124 per share. The transaction is subject to Sucre Deal receiving acceptances in respect of Forges Tardieu shares which will result in the Offeror holding more than 50 % of the Forges Tardieu Shares. KPMG Advisory Services Ltd acted as independent adviser for Forges Tardieu in the transaction. Sucre Deal Ltd. cancelled to acquire Forges Tardieu Ltd (MUSE:FORT.I0000) on September 10, 2020.