French personal protection equipment company Sperian Protection SA (SPR.FR) said Wednesday U.K.-based buyout firm Cinven intends to make a EUR70 a share takeover offer, which Sperian considers friendly.

French ophthalmic lens maker Essilor International SA (EI.FR) will tender its 15.05% stake in Sperian, while Sperian's honorary chairwoman, Ginette Dalloz, will offer her 13.21% stake, Sperian said.

Sperian's shares have been suspended from the Euronext Paris exchange at the company's request, at EUR60.71 a share.

Sperian's capital is divided into 7.65 million shares, according to its Web site. That total would value Cinven's offer at EUR535.8 million.

Sperian said its board will communicate its recommendation on the offer after receiving a fairness opinion, the final offer documentation and the agreement of financing banks.

-By William Horobin, Dow Jones Newswires; +33 1 4017 1740; william.horobin@dowjones.com
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