Realites SCA (FR:ALREA) has released an update.
REALITES is in exclusive talks to sell its hospitality subsidiary, LWS Hospitality, to senior executives through a leveraged buyout valued at €25 million. The sale aligns with REALITES’ strategy to focus on its real estate core business and is anticipated to complete in the second half of 2024. REALITES will retain a minority stake in LWS Hospitality, ensuring ongoing synergies and capitalizing on its subsidiary’s growth potential.
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