Clariane Finalizes Disposal of "Les Essentielles" to Odalys

Clariane (CLARI, ISIN FR00 10 386 334) has completed the sale of its residence services activity "Les Essentielles" to Odalys, a subsidiary of the Duval Group. This transaction involves 18 residences, with Odalys assuming control of all relevant teams.

This move aligns with Clariane's strategic shift to concentrate investments on its primary sectors: Long-Term Care, Specialty Care, and Community Care. The group expects this sale to ensure the continuity and growth of "Les Essentielles".

Classified as assets held for sale since December 2022, the disposal of "Les Essentielles" will not significantly impact Clariane's balance sheet. Notably, this transaction is not part of Clariane's larger €1 billion disposal and capital partnership program announced in November 2023.