BPD Europe B.V. entered into exclusive negotiations with Les Nouveaux Constructeurs SA (ENXTPA:LNC) in joint venture with PW Real Estate Fund III LP advised by Aermont Capital LLP, for the acquisition of 100% of the shares of BPD Marignan Immobilier SAS. Upon closing of the transaction, the acquisition entity will be owned 60% by LNC and 40% by PW Real Estate Fund III. Financial details will not be disclosed. In compliance with applicable obligations, the works council of BPD Marignan will be consulted on the transaction. The closing of the transaction will be subject to the prior authorization of the relevant merger control authorities. The transaction is expected to close in the fourth quarter of 2018. Jean-Dominique Casalta, Antoine Chatry, Antoine Coursaut-Durand, Marianne Delassaussé, Frederic Jungels, Delphine Krzisch, Vincent Martinet, Anaita Massoumi, Laetitia Nicolazzi, Alix Pallier, Anne-Caroline Payelle, Olivier Picquerey, Camilla Spira and Paul Worms of Allen & Overy acted as legal advisor for Rabobank Group. BNP Paribas Corporate Finance acted as financial advisor to Les Nouveaux Constructeurs and Aermont Capital.