A consortium led by Tutélaire and the management of Solucia Protection Juridique SA reached an agreement to acquire Judicial SAS and Solucia Protection Juridique SA from April SA (ENXTPA:APR) on November 18, 2019. As a result, the parties signed today an agreement to transfer APRIL's stake, representing 100% of the capital of Solucia Protection Juridique SA and Judicial SAS. Judicial SAS and Solucia Protection Juridique SA generated €35.6 million in sales for 2018. The transaction remains subject to the prior approval of the French Prudential Supervisory Authority (ACPR) - Banque de France for the sale of Solucia. Sale of the companies is expected to take place in the first quarter of 2020. Julie Rolet and Olivier Carmès of Altana acted as legal advisors for Tutélaire. Stephan Alamowitch and Mathilde Monot of UGGC & Associés acted as legal advisors for Solucia. Tanguy d'Everlange and Grégory Russo of Kalliopé acted as legal advisors for April. Pierre Albouy of NEMROD FINANCE and Olivier Arroua of SELENIS acted as financial advisors in the deal.