Réalista, Inoprom, Inovalis AM and Inovalis PM signed an agreement to acquire Avenir Finance in a reverse merger transaction.
In this capacity, Inovalis would have the possibility to propose for the appointment of the majority of the members of the Board of Directors of Avenir Finance, currently chaired by its founder Danyel Blain will leave his position as Chief Executive Officer to Stéphane Amine, Chief Executive Officer of Inovalis, would become Chief Executive Officer of Avenir Finance. The transaction is subject to approval of regulatory authorities and is expected to be completed on June 10, 2014.