OREANDA-NEWS. Groupe BPCE has announced the completion of the disposal of a total of 3.75 million Nexity shares representing 6.9 % of share capital and voting rights of the company at a price of 40.15 euros per Nexity share by way of an accelerated book-building limited to institutional investors (“the Transaction”).

This disposal forms part of the implementation by Groupe BPCE of its strategic plan aiming at reducing or disposing of its parts in its non-core assets. Following the Transaction, Groupe BPCE retains a residual participation of 12.8 % in Nexity’s share capital. In the context of this market transaction, Groupe BPCE has entered into a 3-month lock-up undertaking relating to its remaining stake in Nexity and has re-asserted its confidence in Nexity’s prospects.

The shares’ placement has been managed by BNP PARIBAS. Rothschild & Cie acted as financial advisor to Groupe BPCE in this Transaction.