OREANDA-NEWS. This disposal forms part of the implementation by Groupe BPCE of its strategic plan aiming at reducing or disposing of its investments in its non-core assets. Following the transaction, Groupe BPCE will retain a residual stake of 12.8% of Nexity’s share capital. In the context of this market transaction, Groupe BPCE will enter into a three months lock-up undertaking relating to its remaining stake in Nexity (subject to customary exceptions) and is willing to re-assert its confidence in Nexity’s prospects.

Bookbuilding will start immediately and will be managed by BNP PARIBAS.
Rothschild & Cie is acting as financial advisor to Groupe BPCE in this transaction.

Upon completion of the placement, Groupe BPCE will communicate the results of the Offer.

This press release does not constitute an offer to sell and the offer of Nexity shares by Groupe BPCE does not constitute a public offering.