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The latest update is out from Realites SCA ( (FR:ALREA) ).
REALITES has finalized the sale of its subsidiary, LWS Hospitality, to its management team through a leveraged management buyout (LMBO). This move, part of REALITES’ repositioning and recovery strategy, aims to strengthen the group’s cash flow amidst a challenging real estate market. The completion of the transaction is scheduled for January 15, 2025, enabling LWS Hospitality to further develop its activities in managed real estate operations, while REALITES focuses on its core business in real estate.
More about Realites SCA
REALITES is a territorial developer founded in 2003 by Yoann Choin-Joubert, focusing on creating real estate solutions for cities and metropolises. The company’s projects span housing, offices, serviced residences, health centers, nurseries, and shops, emphasizing the need and use before construction. REALITES is a mission-driven company committed to balancing profit with collective interest and has been publicly listed on Euronext Growth Paris since 2014.
YTD Price Performance: 14.29%
Average Trading Volume: 281
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €8.12M
For detailed information about ALREA stock, go to TipRanks’ Stock Analysis page.