Loomis France SAS signed an agreement to acquire CPoR Devises SAS from Tessi SA (ENXTPA:TES) and Crédit Agricole S.A. (ENXTPA:ACA) for an enterprise value of approximately €70 million on June 4, 2018. In 2017, CPoR Devises had a revenue of €37.5 million. The agreement is subject to work council consultation of CPoR Devises and the disposal is also subject to a non-opposing decree by the European Central Bank after recommendation from The Prudential Control and Resolution Authority.

As of December 18, 2018, all the necessary approvals has been received and the transaction is therefore expected to be closed within the next few weeks. Olivier Dardel and Hugo Granat of Canaccord Genuity SAS acted as financial advisors, Luigi Giordano and François Barral-Baron of Lexan Avocats acted as legal advisors, Alexandre Duguay of Weil, Gotshal & Manges LLP, Paris acted as legal advisor and Jean-Philippe Grosmaitre, Sébastien Manelfe and Yannick Vercher of Deloitte SA acted as accountant to Tessi SA. Cyril Paolantoni of Crédit Agricole Corporate and Investment Bank S.A. acted as financial advisors while Stéphane Davin and Paul Nury of Baker & McKenzie France acted as legal advisors to Crédit Agricole.

Nathalie Younan, Pierre Lumeau of FTPA Attorneys, Nicolas Spitz, Sandra Kahn of Spitz | Poulle | Kannan acted as legal advisors for Loomis.