Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Altareit SA ( (FR:AREIT) ) has shared an announcement.
Altareit announced that its parent company, Altarea, has issued a press release regarding a legal judgment in the Primonial file. The Economic Activities Tribunal of Paris ruled in favor of Altarea, stating that the company did not violate any acquisition protocol resolution and dismissed the indemnity claims made by Primonial’s sellers against Altarea. This ruling could strengthen Altarea’s position and reassure its stakeholders regarding ongoing legal matters.
More about Altareit SA
Altareit, 99.85% owned by Altarea, is a specialized real estate development company in France, focusing on multi-product promotion and major mixed-use projects in metropolitan areas. It is listed on the A compartment of Euronext Paris.
YTD Price Performance: 1.70%
Average Trading Volume: 1
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €836.6M
For a thorough assessment of AREIT stock, go to TipRanks’ Stock Analysis page.