Nexity: takes majority stake in Angelotti
(CercleFinance.com) - Nexity has announced the signing of an agreement to acquire a 55% stake in Angelotti, a real estate development group that is based in Occitania, a region that benefits from strong demographic growth.
With over 140 employees, Angelotti has achieved the equivalent of nearly 1,600 reservations and had revenues of over 150 million euros in 2021, up 20%. Its pipeline represents the equivalent of about six years of sales.
At the same time, Angelotti plans to acquire 55% of Moreau Investissement, a company owned by Yohann Moreau, a group partner in numerous operations, notably in the Pyrénées Orientales.
The completion of these two transactions is subject only to authorisation by the French Competition Authority and should be finalised in Q3 2022. The current management team will remain in place.
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