Nexity SA (ENXTPA:NXI) signed an agreement to acquire a 55% stake in Angelotti Immobilier on June 23, 2022. The remaining shares will be held by the Angelotti's managers. In 2021, Angelotti generated revenues of €150 million. Louis-Pierre Angelotti, Chairman of the Angelotti Group, Roch Angelotti, Managing Director, and Yohann Moreau, Chairman of Moreau Invest, will keep their positions and continue to lead Angelotti. Angelotti has over 140 employees. The deal is subject to approval by the French Competition Authority. The deal is expected to close in the third quarter of 2022. Frédéric Bouvet, Cyril Boulignat, Bruno Knadjian, David Lacaze, Sophie Brézin, Elisabeth Debrégeas and Sergio Sorinas of Herbert Smith Freehills acted as legal advisor to Nexity SA. The Angelotti Group's business, which is expected to generate sales of around €200 million in 2022, will be booked in the Residential Real Estate Development division. It will be consolidated in Nexity's accounts from 1 November 2022. Pascal Souchon and Abdelmalik Salym of Deloitte SA acted as financial due diligence provider to Nexity SA Dominique Godet, Magali Ostrolenk, Claire Valette of Stance Avocats acted as legal advisor to SAS Holding LPA.

Nexity SA (ENXTPA:NXI) completed the acquisition of 55% stake in Angelotti Immobilier on October 20, 2022.