Nexity, Credit Foncier agree on share swap

Caisses d'Epargne's real estate lending arm Credit Foncier and property developer Nexity have agreed on a share swap of 3.5 Nexity's shares for every two Credit Focier shares. This is an alternative to Caisse D'Epargne's original takeover plan, which has been abandoned in the face of regulatory and financial obstacles. ...

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