The regional development group has entered into exclusive negotiations with a view to selling its subsidiary LWS Hospitality to its management, the PM Développement group, via a leveraged transaction based on an enterprise value of €25 million. "The transaction could be finalized in the second half of 2024, after consultation with the relevant employee representative bodies and subject to the lifting of the usual conditions precedent", explains Réalités.
Réalités to sell its subsidiary LWS Hospitality
This is a machine translation. Automated translations are intended solely as a convenience and are not legally binding.
This news story is available exclusively to CoStar subscribers.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalized Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In
IN THIS ARTICLE
- Companies
- Groupe Réalités
Construction
- Contacts
- Yoann Choin-Joubert
Fondateur du groupe - Président directeur général, Groupe Réalités