APRIL: the sale of protection activities and legal services in France advance


(AOF) – Following the start of exclusive negotiations announced on 18 September, the April group announced Monday evening the conclusion of an agreement for the sale of its business protection and legal services in France, exercised by its subsidiaries Solucia PJ and Judicial. This agreement follows, in particular, the completion of the procedures applicable in social matters by Solucia PJ and Judicial, as well as at the end of the negotiations between April and a consortium led by Mutual Tutelaire and Solucia's management.

As a result, the latter today signed an agreement to transfer the stake of April, representing 100% of the capital of Solucia PJ and Judicial.

For the record, this decision is in line with the strategy of refocusing and development initiated by the group around brokerage activities in five key markets (health and personal insurance, professionals and small businesses, insurance borrower, international health and damage niches), announced on March 18.

The conclusion of the definitive agreements remains subject to obtaining prior authorization from the ACPR for the sale of Solucia. This sale is expected in the first quarter of 2020.

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