L’Image Retrouvée SAS entered into a binding letter of intent to acquire Eclair Cinéma SAS from Ymagis Société Anonyme (ENXTPA:MAGIS) on September 16, 2019. Under the agreement, L’Image Retrouvée will acquire the shares of Eclair and the current accounts as held by Ymagis. The deal is subject to approval of a continuation plan for Eclair by the Commercial Court of Nanterre. As of February 26, 2020, the Commercial Court of Nanterre approved the transaction.