AST GROUPE has taken over independent housebuilder DPLE
AST GROUPE has taken over independent housebuilder DPLE
Published on 03 October 2018
AST, France's third largest housebuilder, is taking an initial 70% stake in DPLE, with the option of acquiring the remainder within three years.
The firm's current management, which will remain in place, will benefit from an earn-out clause.
This acquisition will enable AST Groupe, which is listed on compartment C of Euronext, to boost its presence in western France.
The deal will also take its sales over the EUR 200 million mark from 2018 onwards. LAMY LEXEL advised AST as buyer in this deal.