Legal notice

Welcome to the website (hereinafter “the Website”).

Publisher of the website, hereinafter referred to as the “Company”:
Address: 153, boulevard Haussmann 75008 Paris
Legal form: Société anonyme [public limited company]
Companies Register number: Paris B 412 793 002
Name of the entity in charge of publishing: the Company


Photo credits: X


Technical design and development of the website
45 rue sedaine
75011 Paris
Tél : +33 (0)1 53 67 35 70


Information published on the Website

The information, especially financial information, published on the Website is communicated for information purposes only. No implicit or express guarantee is given regarding the veracity, accuracy, completeness or suitability of the information for any given purpose. Furthermore, PAREF is not responsible for any error or omission on the Website and reserves the right to modify, correct and/or add to the contents of the Website at any time, without prior notice. PAREF declines any responsibility as for the use of the said information and for any decision taken on the basis thereof.

Whatever the circumstance, PAREF reiterates that the information published on the Website cannot be deemed as an encouragement to invest. Therefore, it cannot, in any event, be interpreted as a solicitation or canvassing of any kind by PAREF.

Furthermore, the information published on the Website does not take individual-specific requirements, objectives or financial situations into account. This information must not be considered as investment advice, tax advice, accounting advice, regulatory advice, legal advice or any other kind of advice, nor as grounds for a willingness to negotiate or invest.

Consequently, it is recommended for any person considering to invest to first, and under his/her own responsibility, collect the necessary and personalised advice and information from a professional in financial advisory.

It is specified that the share price is provided by a third-party service provider of PAREF. Neither PAREF nor its information supplier can be held liable for any errors or delays in the transmission of information and for any consequences thereof.


Intellectual property rights and copyrights

This Website as well as all of its contents (and especially the photos, logos, brands and information of any kind appearing on it) are protected by copyright.

Any reproduction or representation of the Website, in whole or in part, without the express authorisation of the Company, is prohibited and shall be deemed as an infringement punishable under Articles L.335-2 et seq. of the French Intellectual Property Code. The same applies to the databases appearing on the Website, which are protected under the provisions of the Law dated 1 July 1998, transposing in the French Intellectual Property Code, the European Directive of 11 March 1996 on the legal protection of databases.


Hypertext links

The Company cannot, under any circumstances, be held liable for the information published on the websites linked by hypertext links as well as for any damages of any kind resulting especially from accessing them. Internet users are expressly requested to take all useful and necessary measures to protect themselves from any virus or other harmful alterations.

If you wish to create a hypertext link to this Website, you must obtain the prior authorisation of the management of PAREF in writing.

The hypertext links to other websites from shall not, under any circumstances, incur the liability of the Company. These links are offered to the users of this Website. The decision to activate the links lies exclusively with the users.

Any link or framing of the Website is strictly prohibited and therefore, any element appearing on a page of the Website cannot be published, transferred or inserted in whole or in part on any other website, nor can it be used to create derivative products, without the express authorisation of the management of the company.


Unauthorised use of the Website

Any use of the Website that does not comply with the previous points, unless specified otherwise on the Website or unless a prior and express authorisation is obtained from the Company, is forbidden and incurs the liability of the perpetrator.

Furthermore, the user is solely liable for any use of the information contained on the Website. Under no circumstance can the Company be held liable, for any reason whatsoever and regardless of the consequences.

The Company is not liable for any error or omission on the Website and reserves the right to modify, correct and/or add to the contents of the Website at any time, without prior notice.

By using the Website, the internet user accepts – unconditionally and without any reservation – all of these terms and conditions of use. Any dispute arising from the use of the Website or the publishing of information contained therein shall fall under the exclusive jurisdiction of the courts of Paris, in application of French law.


Access restrictions

Access to the Website, to the information and documents that it contains may, in certain countries, be subject to legal or regulatory restrictions. Therefore, the persons accessing them must first find out whether such restrictions exist and must comply with them. Insofar as permitted by the applicable law, the Company accepts no responsibility if these restrictions are violated by anyone. The persons accessing the Website assume responsibility for all consequences (both for themselves as well as for the PAREF group) of any violations or breaches of the said restrictions.



Under no circumstances can the Company be held liable for any loss or damage resulting from the use of all or some of the files and of any contents provided on the Website. It is not possible to certify that all of the content available on the Website is free from errors, is not corrupted, lost, destroyed, obsolete or virus-free. The Company cannot be held liable for any damages resulting from or related to the presence of viruses. It is highly recommended to scan all files downloaded from the Website using your own antivirus program before opening them.