Nexity: in exclusive talks with AG2R La Mondiale

(CercleFinance.com) - The property developer Nexity today announced that it has entered into exclusive negotiations with AG2R La Mondiale for the sale of the majority of the capital of the Aegide-Domitys group, which specialises in the design and construction of residences.


Under the deal, Nexity would sell 45% of the capital and retain an 18% stake in Aegide-Domitys, intending to remain a significant minority shareholder over a long period of time.

After the transaction, Aegide-Domitys' capital would be divided between AG2R La Mondiale (67%), Nexity (18%) and JMF Conseil (15%).

Amounting to 375 million euros (enterprise value of 100% Aegide-Domitys' capital): it could be concluded around the end of H1 this year.

In addition, Aegide-Domitys will enter into a long-term strategic partnership with Nexity for the development of senior citizen residences (RSS).

This partnership - preferential but not exclusive - will enable Nexity to maintain a sustained level of development of RSS and will offer Aegide-Domitys new development opportunities that are adapted to its needs.



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