Altarea SCA (ENXTPA:ALTA) said on June 30, 2021 that it has entered into exclusive negotiations to acquire property investment company Primonial Group for an enterprise value of EUR 1.9 billion ($2.25 billion) to strengthen its expertise in the real estate asset management market. Altarea said it was in talks with Primonial Group’s shareholders and management to buy 60% of the company in the first quarter of 2022 and then buy the rest in early 2024.