Nexity: Nexity enters into exclusive negotiation with AG2R LA MONDIALE for the disposal of a majority stake in Ægide-Domitys...
08 Aprile 2021 - 8:30AM
Nexity: Nexity enters into exclusive negotiation with AG2R LA
MONDIALE for the disposal of a majority stake in Ægide-Domitys and
a strategic partnership for the development of senior residences.
NEXITY ENTERS INTO EXCLUSIVE
NEGOTIATIONS WITH AG2R LA MONDIALE FOR THE DISPOSAL OF A MAJORITY
STAKE IN ÆGIDE-DOMITYS AND A STRATEGIC PARTNERSHIP FOR THE
DEVELOPMENT OF SENIOR RESIDENCES.STRENGTHENING OF
THE RELATIONSHIP BETWEEN AG2R LA MONDIALE AND NEXITY.
Paris, April 8, 2021, 8.30 am CEST
Nexity and AG2R LA MONDIALE signed
yesterday, April 7, 2021, agreements allowing them to enter into
exclusive negotiations for the disposal of control of the
Ægide-Domitys group. The founders, around Jean-Marie Fournet (JMF
Conseil) are committed in this transaction.
Nexity would sell 45% of the capital and retain
an 18% stake in Ægide-Domitys, remaining a significant minority
shareholder for the long term.
At the closing, Ægide-Domitys’ capital would be
distributed as follows:- AG2R LA MONDIALE 67%;- Nexity 18%;- JMF
Conseil 15%.
The amount of the transaction is 375 million
euros (for an enterprise value for 100% of the share capital of
Ægide-Domitys).
The transaction, which is subject to obtaining
the required authorizations, consulting with employee
representatives and finalizing the documentation, could be
completed around the end of the first half of 2021.
At the same time, Aegide-Domitys will enter into
a long-term strategic partnership with Nexity for the development
of senior residences. This preferential but non-exclusive
partnership will enable Nexity to maintain a sustained level of
development of senior residences. These properties are an essential
part of Nexity's offer to satisfy its elderly customers, their
families, its investor customers as well as the local authorities.
This agreement will provide Ægide-Domitys with new development
opportunities tailored to its ambitious growth plan.
Beyond this transaction, Nexity and AG2R LA
MONDIALE announce their joint intention to strengthen their
relationship. In order to consolidate their long-term strategic
partnership and align their interests, AG2R LA MONDIALE intends, in
full agreement with Nexity, to acquire a stake in Nexity's capital,
which could reach 5% of the capital and voting rights, by acquiring
shares on the market or by purchasing blocks of shares off-market.
AG2R LA MONDIALE would join the concert formed around Alain Dinin,
and would be entitled, at the end of its investment program, to a
seat on the Nexity’s Board of Directors.
According to Alain Dinin, Chairman and CEO of
Nexity: "As we announced last December, Nexity intends to confirm
its leadership position in the serviced residences market. AG2R LA
MONDIALE's plan to become the majority shareholder of Ægide-Domitys
fully meets Nexity's expectations: it is a very solid partner,
focused on the long term, and as such able to support
Ægide-Domitys' ambitious development plan and ensure the
operational excellence of its ‘personal care services’
residences, while allowing Nexity to focus on the development
of senior residences through a strategic partnership.
Furthermore, AG2R LA MONDIALE's proposed acquisition of a stake of
Nexity’s capital will enable the group to consolidate its
development by counting among its shareholders a strategic partner
able to increase business activity and to foster cooperation in
real estate investments, and to continue to stabilize its
shareholder base, alongside the managers and employees of Nexity,
Arkea, and Crédit Agricole Assurances ".
AT NEXITY, WE AIM TO SERVE ALL OUR
CLIENTS AS THEIR REAL ESTATE NEEDS EVOLVEWith more than
11,000 employees and €4.9 billion in revenue in 2020, Nexity is
France’s leading integrated real estate group, with a nationwide
presence and business operations in all areas of real estate
development and services for individuals, companies and local
authorities.Our services platform is designed to serve all our
clients as their real estate needs evolve.Firmly committed to
focusing on people and how they are connected with each other,
their cities and the environment, Nexity was named the number-one
low-carbon project owner in France among real estate developers
ranked by BBCA in 2020, is a member of the Bloomberg
Gender-Equality Index (GEI) and obtained Great Place to Work
certification in 2020.Nexity is listed on the SRD, Euronext’s
Compartment A and the SBF 120.
CONTACTSThierry CHEREL – Head of
Investor Relations / investorrelations@nexity.frVéronique CREISSELS
- Chief Communication Officer / vcreissels@nexity.frJulie MARY
– Head of Public Relations / jmary@nexity.fr
- PR_NEXITY_AG2R LA MONDIALE_AEGIDE DOMITYS
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