March 9, 2020 / 6:43 AM / a month ago

BRIEF-Nexity Acquires 65% Of pantera AG

March 9 (Reuters) - Nexity SA:

* REG-NEXITY ACQUIRES 65% OF PANTERA AG, A GERMAN DEVELOPER OF RESIDENTIAL REAL ESTATE, AND INTENDS TO DEVELOP ITS REAL ESTATE SERVICES PLATFORM IN GERMANY

* IN 2022, IT EXPECTS TO REACH AROUND 2,000 BOOKINGS AND TO GENERATE AROUND 10% OF TOTAL GROUP EBITDA IN ITS INTERNATIONAL MARKETS (INCLUDING GERMANY)

* "WITH OPERATIONAL AND FINANCIAL SUPPORT OF NEXITY, WE WILL DOUBLE SIZE OF OUR PORTFOLIO TO REACH MORE THAN EUR 1 BILLION BY 2022" - CEO OF PANTERA AG Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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