ALTAREA (EPA:ALTA) - Altarea Cogedim expands its online presence and is due to submit a draft takeover bid for a leading brand in e-commerce in France

Transparency directive : regulatory news

27/10/2011 16:41

Paris, 27 October 2011, 4:15 pm                                  Press release

Altarea Cogedim expands its online presence and is due to submit a draft
takeover bid to the French Regulatory Authority (AMF) for a leading brand in
e-commerce in France

Paris, 27 October 2011, 4:15 pm - Altarea Cogedim has announced that its
subsidiary Altacom has signed an agreement with Apax Partners and founder
shareholders Patrick Jacquemin and Gauthier Picquart, under which Altacom has
agreed to acquire a block representing 24.13% of RueduCommerce's share capital
for EUR9 per share in cash. The deal is subject to authorisation from the French
competition authorities.

Under the agreement, the founders of RueduCommerce have also agreed each to
contribute in kind 250,000 RueduCommerce shares on the basis of a value of EUR9
per share, in exchange for 20% of Altacom's share capital, with the remainder
held by Altarea Cogedim.

At the end of the acquisition and contribution in kind, Altacom will hold a
28.64% stake in RueduCommerce.

Altacom intends to imminently submit a draft takeover bid to the AMF for the
remaining RueduCommerce shares at the same price of EUR9 per share.

                              Information meeting

An information meeting will be held at 8.45 a.m. on Friday 28 October
              Park Hyatt Vendôme - 5 rue de la Paix - 75002 Paris

                    Coffee reception beginning at 8.30 a.m.

About Altarea Cogedim - FR0000033219 - ALTA

Altarea Cogedim is a leading retail property investment and development group
active in all three main property markets: retail, office, and residential. It
has the skills and experience to effectively design, develop, sell, and manage
customised property assets in each of these markets. The Group's risk exposure
is aligned with its lon g-term vision, and it creates value by designing and
building attractive assets and by seizing profitable opportunities in the
property sector.

Altarea Cogedim operates in France and Italy and had a property portfolio worth
EUR2.7 billion at 30 June 2011. Altarea is listed in Compartment A of NYSE
Euronext Paris and had a market capitalisation of EUR1.3 billion at
end-September 2011.

ALTAREA COGEDIM CONTACTS

Eric Dumas, Chief Financial Officer
edumas@altareacogedim.com
+33 1 44 95 51 42

Nathalie Bardin, Head of Communications
nbardin@altareacogedim.com,
+33 1 56 26 25 36 / +33 6 85 26 15 29

CITIGATE DEWE ROGERSON CONTACTS

Analyst and investor relations
Yoann Nguyen,
Yoann.nguyen@citigate.fr
+33 1 53 32 84 76

Press relations
Aliénor Miens,
alienor.miens@citigate.fr
+33 1 53 32 84 77 / +33 6 64 32 81 75
Servane Taslé, servane.tasle@citigate.fr
+33 1 53 32 75 94 / +33 6 66 58 84 28

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ALTAREA (EPA:ALTA) - Altarea Cogedim expands its online presence and is due to submit a draft takeover bid for a leading brand in e-commerce in France

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