On 6th April 2021, the French Competition Authority unconditionally cleared the acquisition of joint control over a local semi-public company active in the building sector (SEMCODA) by the Departement de l'Ain, Adestia (a Caisse des Dépôts et des Consignations subsidiary, a public long-term investor group), and Action Logement. Background of the decision The target, SEMCODA, is a public-owned entity active mainly in the housing sector. It builds and manages social housing in eight French department districts; it is also active in real estate development, co-ownership management, and to a lesser extent in building of other premises (e.g. student housing, business premises). Prior to the transaction, the target was solely controlled by a local public entity, the département de l'Ain (the
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The French Competition Authority unconditionally clears the acquisition of a local semi-public company active in the building sector by a national public long-term investor group (Société d’économie mixte de construction du department de l’Ain / Sociétés Action Logement Immobilier / Adestia / Département de l’Ain)
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