Paris, France 20 October 2022, 6:30 pm CEST
Nexity broadcasts the acquisition of a controlling stake of Angelotti group, introduced on 23 June, following the approval of the Competition Authority.
The acquisition of the Angelotti group, the regional chief in residential growth and concrete planning within the Occitanie area, is a part of Nexity’s “Imagine 2026” strategic plan, which goals to strengthen the corporate’s service providing and territorial protection and consolidate its market share in residential growth, in a area with a powerful demographic dynamic and the place the Group has a decrease market share than at nationwide degree. As introduced on the Investor Day, the Group doesn’t anticipate any new important exterior development within the coming months.
Following the transaction, Nexity’s shareholding within the Angelotti group will likely be 55%, with the remaining 45% held by the present administrators, who will retain their positions.
Véronique Bédague, Nexity’s Chief Executive Officer stated: « I’m delighted with the completion of the acquisition of the Angelotti group, which helps our ambition to contribute to inclusive and sustainable cities all through France, by combining accountable city planning and growth. Nexity is consolidating its market share in residential actual property growth because of a good and well-established native participant, enabling us to strengthen our presence as a most well-liked companion of native authorities. I want to welcome the 140 staff of the Angelotti group, whose growth within the Occitanie and PACA areas will likely be certainly one of our predominant priorities within the coming months. “
The Angelotti Group’s business, which is anticipated to generate gross sales of round €200 million in 2022, will likely be booked within the Residential Real Estate Development division. It will likely be consolidated in Nexity’s accounts from 1 November 2022.
NEXITY, LIFE TOGETHER
With almost 8,000 staff and €4.6 billion in income in 2021, Nexity is France’s main world actual property group, with a nationwide presence and business operations in all areas of actual property growth and providers. Our technique as a worldwide actual property operator is designed to serve all our purchasers people, corporations, institutional traders and native authorities. Our company function ‘life together’ expresses our dedication to create for them, sustainable areas, neighbourhoods and cities, that make it doable to forge and re-establish hyperlinks. Nexity is notably categorised for the fourth yr in a row, France’s number-one low-carbon undertaking proprietor by BBCA, is a member of the Bloomberg Gender-Equality Index (GEI), Best Workplaces 2021 and licensed Great Place to Work® in September 2022.
Nexity is listed on the SRD, Euronext’s Compartment A and the SBF 120.
CONTACTS
Domitille Vielle – Head of Investor relations / +33 (0)6 03 86 05 02 – [email protected]
Géraldine Bop – Deputy Head of Investor relations / +33 (0)6 23 15 40 56 – [email protected]
Cyril Rizk – PR Manager / +33 (0)6 73 49 72 61 – [email protected]
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