Altarea and Praemia Group Resolve Legal Dispute with Settlement Agreement

In a significant development, Altarea and the shareholders of the Praemia group have finalized a comprehensive settlement agreement. This resolution concludes the ongoing legal dispute at the Paris Court of Appeal through a voluntary mediation process. Both parties aimed for a constructive and balanced resolution, agreeing on no fault or liability, and have mutually withdrawn all ongoing legal proceedings.

As part of the settlement, Altarea has paid €10 million to manager-shareholders. Additionally, Altarea is investing €60 million in preference shares in the Praemia group, enhancing its equity foundation. This investment involves preference shares, offering non-voting preferential liquidity right and priority dividends, without altering Praemia’s strategic direction.

This agreement not only closes the dispute but also opens a new chapter with a spirit of conciliation between the involved parties.