The territorial development group REALITES announces that it has signed a firm letter of intent on May 5, 2022 with the family holding company FDNGT to support the dynamic activity observed since the beginning of the financial year and ensure the success of its “Ambitions 2025” plan. . Its objectives are to achieve a turnover of €800 million with an operating profit rate of 8%.
This agreement provides for a capital increase for a total amount of 35 million euros, including 30 million euros to be subscribed by the FDNGT family holding company. The founding directors and managers will subscribe for a total of 5 million euros, demonstrating their commitment to the Group’s strategy and their desire to be supported over the long term by quality and trusted partners.
The completion of the capital increase is scheduled for the end of the first half of 2022.
REALITES announces the signing of a binding LAW with the FDNGT family holding company with a view to carrying out a capital increase for a total amount of €35 million, including €5 million reserved for the founding directors and managers, at a unit price of €45 per share – 05/05/2022 at 6:45 p.m.
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