This transaction is part of the Group's financial strategy, which aims to strengthen liquidity, permanently optimize the profile of long-term debt by maintaining an average maturity of over 5 years, and by limiting its cost, which is currently around 2.80%.

As of December 31, 2020, the group had liquidity of more than 3 billion euros, on top of a fully available syndicated line of credit of 1.2 billion euros due in June 2024.