Acquisition

Nexity finalises acquisition of PERL stake

Nexity has finalised its acquisition of 76.4 per cent of the share capital of PERL after receiving the green light for the deal from the French Competition Authority.

The remaining 23.6 per cent 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.

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