M&A Activity • Jan 29, 2009
M&A Activity
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Paris, January 29, 2009 – Nexity and Caisse Nationale des Caisses d'Epargne (CNCE) today signed the agreement concluding CNCE's acquisition, announced in December 2008, of the 23.4% stake held by Nexity in Crédit Foncier de France.
The definitive acquisition price, which was subject to an evaluation submitted to Nexity's Board of Directors, is €539.6 million. The payment of this price and the transfer of securities are subject to some conditions, which the parties expect to be satisfied in the second half of February.
It should be noted that this transaction in no way affects or alters the agreements or terms and conditions relating to the industrial cooperation between the two groups.
As the leading integrated real estate group in France, Nexity uses its comprehensive range of sector-specific skills and expertise to serve the private individuals, companies and local authorities that make up its customer base. A leader across the entire spectrum of real estate businesses—real estate development (homes, offices, retail and other business premises), real estate services for private individuals and enterprises, distribution networks, turnkey urban development, real estate management—Nexity is today able to provide global responses to the needs of its customers throughout France. Nexity is also present in Europe.
Nexity is listed on the SRD and on Euronext's Compartment B Index membership: SBF80, SBF120, CACmid100, Next150 and MSCI SmallCap France Mnemo: NXI - Reuters: NXI.PA - Bloomberg: NXI FP ISIN code: FR0010112524
Olivier Seux Head of Investor Relations + 33 1 71 12 15 49 – [email protected]
+33 1 71 12 15 52 – [email protected]
Deputy Vice President, Communications + 33 1 71 12 10 92 – [email protected]
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