DomusVi SAS reached an agreement in principle to acquire Happy People Association NV from Ackermans & Van Haaren NV (ENXTBR:ACKB), Hervé Hardy and management of Happy People Association NV for approximately €170 million on March 14, 2019. 71.72% stake in Happy People Association NV will be sold by Ackermans & Van Haaren NV (ENXTBR:ACKB). The transaction is subject to the approval of French competition authorities and expected to close in second quarter of 2019. Latham & Watkins LLP acted as legal advisor to DomusVi SAS. DomusVi SAS completed the acquisition of Happy People Association NV from Ackermans & Van Haaren NV (ENXTBR:ACKB), Hervé Hardy and management of Happy People Association NV on June 28, 2019.