Réalista, Inoprom, Inovalis AM and Inovalis PM signed an agreement to acquire Avenir Finance (ENXTPA:AVF) in a reverse merger transaction on April 24, 2014. Avenir Finance will issue more than 5 million shares to Inovalis, parent of Réalista, Inoprom, Inovalis AM and Inovalis PM, representing 66.66% stake in Avenir Finance, leading to change in control.

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.