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Hoche Avocats advises Altarea on the launch of a capital increase with preferential subscription rights for an amount of approximately €350 million to fund Primonial acquisition
Altarea, France’s leading real estate developer and second largest property developer, whose shares are listed on Compartment A of Euronext Paris, announced on November 18, 2021 the launch of a capital increase with preferential subscription rights for an amount of approximately €350 million, as part of the financing of the acquisition of 100% of the shares of the Primonial group.
The capital increase, which was settled and delivered on December 10, 2021, was subject to subscription commitments from the main shareholders for approximately €292.6 million, representing 83.60% of the capital increase.
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Hoche Avocats advised Altarea in this transaction with Didier Fornoni (partner), Antoine Bourgoin and Vincent Guilaine (associates).