Altarea : Clear recovery capacity after the pull-out from the Primonial deal
>Insufficient level of legal security to buy Primonial - We learned yesterday morning shortly before the markets opened that the acquisition of Primonial by Altarea, which was apparently scheduled for 2 March, cannot go ahead under the terms agreed:Altarea highlights in its press release that Altarea does not have a sufficient level of legal security to carry out the acquisition of Primonial. This is the conclusion reached by management after having analysed the ...Altarea Cogedim is a real estate investment trust and development company. Co. is an active operator in the three main segments — retail, residential & office-hotels property — with the ability to design, develop, market & manage custom-tailored real estate products. In the Retail segment, Co. is active in real estate investment, development, asset management, providing services to third-party customers. In the Residential segment, Co. is a residential property developer. In the Office Property segment, Co. is a global operator active in all commercial property formats: high-rise buildings, business districts, corporate headquarters, renovation projects, green districts & luxury hotels.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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