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New Deal


Announced

Completed

Nexity completed the acquisition of a 65% stake in Pantera.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For65%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Real Estate Holding and Development

Cross Border

Friendly

Majority

Completed

real estate development

Acquisition

Private

Germany

Single Bidder

Synopsis

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Nexity, a real estate group, completed the acquisition of a 65% stake in Pantera, a German developer of residential real estate. Financial terms were not disclosed. "The proven relevance of our real estate services platform model in France leads us to consider its deployment outside France. The specificities of the German residential market are attractive and fit with our expansion strategy. While remaining compatible with our prudent risk model, and in a legal environment comparable to the French one, we make the commitment, with the support of our Board of directors, that this partnership with Pantera will become a new growth driver for our Group," Jean-Philippe Ruggieri, Nexity CEO.

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