Yahoo Finance Preliminary agreement with Develia, a polish developer for the sale of Nexity's development activities in Poland
PRELIMINARY AGREEMENT WITH DEVELIA, A POLISH DEVELOPER FOR THE SALE OF NEXITY'S DEVELOPMENT ACTIVITIES IN POLAND
Paris, 1 June 2023, 5.45 pm CET
As part of the halt of its international expansion, Nexity is announcing the sale of its development activities in Poland to Develia, a Polish developer.
This sale, the price of which has been set at 100 million euros, is in line with the timetable announced by Nexity in February 2023 in its 2022 annual results and will help to reduce the Group's net debt.
The agreement will be finalised as soon as the consent of the President of UOKIK (Office of Competition and Consumer Protection) is granted.
The press release published by Develia is available on Nexity's website: Nexity Finance website
NEXITY – LIFE TOGETHER
With 8,500 employees and €4.7 billion in revenue in 2022, Nexity is France’s leading comprehensive real estate operator, with a nationwide presence and business operations in all areas of real estate development and services. Our strategy as a comprehensive real estate operator is designed to serve all our clients: individuals, companies, institutional investors and local authorities. Our corporate purpose, “Life together”, expresses our commitment to creating sustainable spaces, neighbourhoods and cities that let our clients connect and reconnect. Nexity has been ranked France’s number-one low-carbon project owner by BBCA for the fourth year in a row, is a member of the Bloomberg Gender-Equality Index (GEI), was included in the Best Workplaces 2021 ranking and was awarded Great Place to Work® certification in September 2022.
Nexity is listed on the SRD, Euronext’s Compartment A and the SBF 120.
CONTACT
Géraldine BOP – Head of Financial communication / +33 (0)6 23 15 40 56 – investorrelations@nexity.fr
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