Altarea SCA (ENXTPA:ALTA) signed an agreement to acquire 63.63% stake in NR21 Société Anonyme from 2 shareholders on March 28, 2019. Suspensive conditions for the transaction include transfer of NR21 shares to Euronext Paris and prior sale of its subsidiary LTJ Diffusion. Following acquisition, simplified takeover bid on remaining NR21 will be filed. The deal will be finalized in May 2019.

Altarea SCA (ENXTPA:ALTA) completed the acquisition of 63.63% stake in NR21 Société Anonyme from 2 shareholders for €0.81 million on August 1, 2019. Altarea SCA acquired NR21 Société Anonyme for €1.13 per share. This price may be increased to €0.96 million or about €1.13 per NR21 share, in the event of payment of price supplements related to the recovery of receivables from NR21's majority shareholders. Altarea financed this acquisition with its own funds. The Board of Directors of NR21, in a meeting on August 1, 2019, appointed Eric Dumas as Chief Executive Officer of the company, replacing Lionnel Rainfray, who will remain Chairman of the Board of Directors until the next general meeting. The Board also decided to transfer the NR21's registered office to 8 Avenue Delcasse in Paris and to convene the shareholders' meeting at the combined general meeting on September 25, 2019. Shareholders of NR21 will be asked to comment on the conversion of NR21 into a limited partnership, the modification of the purpose of the company so that it corresponds to the activity of the Altarea. Invest Securities will file in September 2019, on behalf of Altarea, a proposed takeover bid with the Autorité des marchés financiers at a price of €1.13 per share for all outstanding NR21 shares not yet held by Altarea. This offer will not be followed by a squeeze-out procedure. Altarea intends, at the end of the offer, to maintain the listing of NR21 shares on the Euronext Paris market. Altarea does not intend to acquire additional shares on the market and will consider, if necessary, the terms and conditions for widening the free float. Atout Capital acted as financial advisor to the selling shareholders.