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Altarea Cogedim’s friendly takeover bid for RueduCommerce is a clear success and increases Altarea Cogedim’s stake to 95.11%

26 January 2012
Altarea Cogedim has announced the success of the friendly takeover bid submitted by its subsidiary Altacom for RueduCommerce. The Autorité des Marchés Financers (AMF) today published its result notice. As a result of the offer, Altarea Cogedim holds 10,555,487 RueduCommerce shares via its subsidiary Altacom, representing 95.11% of share capital and 93.99% of voting rights. In a few days, the offer will be reopened for a period of 10 working days in order to allow shareholders who have not yet done so to tender their shares to the offer. Commenting on these results, Alain Taravella, Chairman and Founder of Altarea Cogedim, states: “The success of this takeover bid will enable RueduCommerce to begin a new stage of its development and reach a new dimension. The shopping mall’s solid results published to date attest to the relevance of the strategic turnaround initiated in 2007 by this key player in e-commerce, with the launch of France’s first online shopping mall. The teams at RueduCommerce will now work with the teams at Altarea Cogedim on building the first multi-channel property company."

The offer document (“note d’information”) is available on the Altarea Cogedim website (www.altareacogedim.com) and on the AMF website (www.amf-france.org) and can be obtained free of charge from: Altarea Cogedim, 8 Avenue Delcassé, 75008 Paris.
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Altarea Cogedim