Altarea Cogedim (ENXTPA:ALTA) looks to acquire SEVERINI Pierres & Loisirs. Altarea enters into exclusive negotiations with the shareholders of the property developer, SEVERINI, for its acquisition. Altarea aims to acquire 85% of SEVERINI capital by 31 December 2018. After a three-year period during which Mr Jean-Louis SEVERINI will remain company Chairman, Altarea could acquire the remaining share capital.