Groupe BPCE has successfully completed the disposal of 4 % of Nexity’s share capital

December 3, 2014

Groupe BPCE has announced the completion of the disposal of a total of 2,2 million Nexity shares representing 4 % of share capital and voting rights of the company at a price of 29,70 euros per Nexity share by way of an accelerated book-building limited to institutional investors (“the Transaction”).

This disposal forms part of the implementation by Groupe BPCE of its strategic plan aiming at reducing or disposing of its parts in its non-core assets. Following the Transaction, Groupe BPCE retains a residual participation of 36.5 % in Nexity’s share capital which is henceforth accounted under the equity method. In the context of this market transaction, Groupe BPCE has entered into a 6-month lock-up undertaking relating to its remaining stake in Nexity and has re-asserted its confidence in Nexity’s prospects.


The shares’ placement has been managed by Société Générale. Rothschild & Cie acted as financial advisor to Groupe BPCE in this Transaction.







This announcement is for information purposes only and does not constitute an offer to sell or a solicitation to buy any securities, and the offer of Nexity shares by Groupe BPCE does not constitute a public offering in any jurisdiction, including in France.


This communication is for distribution in the United Kingdom only to (i) investment professionals falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (ii) high net worth entities and other persons to whom it may lawfully be communicated, falling within article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons").

This announcement is not an offer for sale of securities in the United States. The offer and sale of the securities referred to in this announcement has not been, nor will be, registered under the United States Securities Act of 1933 (the "Securities Act") and the securities may not be offered or sold in the United States absent such registration or an applicable exemption from the registration requirements of the Securities Act. There will be no public offering of the securities in the United States in connection with this transaction.

Any investment decision to buy shares in Nexity must be made solely on the basis of publicly available information regarding Nexity. Such information is not the responsibility of Groupe BPCE.

Release, publication or distribution of this press release is forbidden in any country where it would violate applicable laws or regulations.