APRIL: Entry into exclusive negotiations for the sale of the legal protection and services activities
18 September 2019
The APRIL group states that it entered into exclusive negotiations after receiving a firm offer to acquire its legal protection and services activities in France, carried out by its subsidiaries Solucia PJ and Judicial.
These companies generated €35.6 million in sales for 2018. The offer, made by a consortium led by the mutual insurance company Tutélaire and the management of Solucia, relates to the acquisition of 100% of the capital of Solucia PJ and Judicial.
This decision is in line with the refocusing and development strategy initiated by the group around five key markets (individual health and personal protection, professionals and VSEs, loan insurance, international health and property and casualty niches), as announced on 18 March 2019.
Final agreement is to be concluded following the completion of the applicable employee information and consultation procedures. The agreement remains subject to the prior approval of the ACPR for the sale of Solucia. Sale of the companies is expected to take place in the first quarter of 2020.