Hexaom: takeover bid for AST assets accepted

(CercleFinance.com) - On Tuesday evening Hexaom announced that its joint bid with Trecobat of Brittany for some of A.
S.T. Groupe's assets had been accepted by the courts.

The offer, which concerned AST's activities in the construction and marketing of garden studios, timber-frame houses, carpentry and joinery, was accepted by the Lyon Commercial Court, with immediate effect.

As part of this project, Hexaom and the Breton builder say they intend to create a 50/50 joint venture to be called 'Hexabat Invest'.

On the industrial side, the entity will own 99.9% of Pobi Industrie, which in turn controls 100% of Pobi Structures, a company specializing in the manufacture of wood-frame components, PVC and aluminum frames and joinery, and garden studios.

This division comprises two industrial sites, based at La Charité sur Loire (58), as well as four production lines (walls, frames, PVC joinery, aluminum joinery).

On the commercial side, Hexabat Invest will hold 100% of the capital of Natireso, a company created to take charge of the development and running of the Natilia and Natibox dealer networks, enabling them to continue their business and preserving a large proportion of jobs.

Created by A.S.T Groupe, the Natilia brand offers a wide range of timber-frame houses, and the Natibox brand a range of garden studios.

In terms of employment, 118 permanent jobs will be safeguarded, including 86 positions at Pobi Structure and 14 employees from AST Groupe, as part of the continued development of the Natilia and Natibox networks.

Following these announcements, Hexaom's share price rose by almost 3% on Wednesday on the Paris stock exchange.


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