Nexity sells Credit Foncier stake to CNCE for EUR 540m

France's Nexity said on Friday that it has completed the sale of its 23.4% stake in Credit Foncier de France to banking group Caisse Nationale des Caisses d’Epargne. Nexity announced in December it was in talks with CNCE to sell the asset. The transaction amount comes to a total of EUR 540 mln, with the final payment and the transfer of the interest expected to take place in the second half of February.

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