AG2R La Mondiale completed the acquisition of an additional 45% stake in Ægide-Domitys from Nexity for €169m.

AG2R La Mondiale, a French multinational insurance firm, completed the acquisition of an additional 45% stake in Ægide-Domitys, a real estate holding, from Nexity, a French company that focuses on real estate development, for €169m ($200m). "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," Alain Dinin, Nexity Chairman and CEO.