on REALITES (EPA:ALREA)
REALITES Completes the Sale of LWS Hospitality via an LMBO
REALITES, a real estate group, has completed the sale of its subsidiary LWS Hospitality to its management through an LMBO. The transaction, announced in June 2024, is in line with its strategy of refocusing on its core business, real estate, and contributes to strengthening its cash flow in a context of market crisis.
The transaction, closed on December 17, 2024 and scheduled for January 15, 2025, will allow LWS Hospitality to develop its activities, particularly in the management of student residences and hotel franchises. Philippe Menguy, head of LWS, welcomes the support of REALITES in this acquisition.
Yoann Choin-Joubert, CEO of REALITES, underlines the importance of this sale for the group's recovery plan, thus consolidating its financial position while paving the way for LWS to realize its growth potential.
R. E.
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