Altarea: mandate from AltaGroupe to sell shares

(CercleFinance.com) - Altarea is pleased to announce that AltaGroupe, controlled by the family group of its founding chairman Alain Taravella, has signed a mandate to sell 150,000 shares, with no deadline set.


The shares sold represent 0.69% of the real estate group's capital and voting rights. Following this transaction, Alain Taravella's family group would hold 45.32% of Altarea's capital and voting rights.

This transaction should improve Altarea's free float and the liquidity of the share. AltaGroupe has specified that this sale in no way calls into question its ongoing, long-term commitment to the group.

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