M&A Activity • May 28, 2014
M&A Activity
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Paris, 28/05/2014
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Following the acquisition agreement announced on 17 March 2014, and after having received a favourable opinion from the French Competition Authority on 20 May 2014, Nexity finalised today its acquisition of 76.4% of the share capital of PERL. The remaining 23.6% is held by Alain Laurier, Chairman and Chief Executive Officer of PERL, and by the company's management, including Deputy CEO Laurent Mogno.
PERL will be integrated into Nexity's Residential real estate division and will be consolidated in Nexity's financial statements with effect from 1 July 2014.
Nexity offers the widest range of advice and expertise, products, services and solutions for private individuals, companies and local authorities, so as to best meet the needs of our clients and respond to their concerns.
Our businesses – transactions, management, development, urban regeneration, advisory and related services – are now all fully client focused, optimally organised to serve and support our clients. As the benchmark operator in our sector, we are resolutely committed to all of our clients, but also to the environment and society as a whole.
Nexity is listed on the SRD and on Euronext's Compartment A Member of the indices SBF 80, SBF 120, CAC Mid 60, CAC Mid & Small and CAC All Tradable Mnemo: NXI - Reuters: NXI.PA - Bloomberg: NXI FP ISIN code: FR0010112524 ______
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