Sogeprom takes majority stake in Pragma

Sogeprom, the France-based real estate company, is taking a majority stake in Pragma, a leading player in the real estate market for the Languedoc-Roussillon region. Sogeprom, a 35% Pragma shareholder since 2004, now controls 86% of the company, the Business Immo website has reported. Michel Troncin, co-founder of Pragma, is being replaced as chairmanship of the company by Philippe Gadelle. He has been Pragma general manager since 1996 and will be supported by François Vialtel, a member of the Sogeprom management committee, who becomes deputy managing director of Pragma.

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