trending Market Intelligence /marketintelligence/en/news-insights/trending/3fjbri3uqzydghzn0nzina2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Société de la Tour Eiffel raises €140M in share issuance

Street Talk Episode 41 - How to Win the Funding Battle, Use Fintech to Play Offense

Forward Spark Spreads Suggest Rising Profitability Of US Renewables As Sector Matures

MA Activity The Big Story In Mature Online Video Platform Market

Martina Cheung Backs The Quality Program


Société de la Tour Eiffel raises €140M in share issuance

Société de la Tour Eiffel raised €140 million in a capital increase launched Nov. 25, Property Investor Europe reported, citing a French-language news release from the company.

The REIT's shareholders subscribed to 2.64 million shares out of the 2.7 million new shares offered at €53.00 apiece. The proceeds of the capital increase will be utilized to partially finance a 145 million portfolio acquisition in Paris' Nanterre suburb.

Following the capital offering, the Puccini family holds a 11.4% stake in the company, French insurers SMA Group 59.78%, Suravenir 9.46%, La Mutuelle Générale 3.01% and Fédérale Assurance 0.93%, and Belgium-based AG Insurance holds 7.36%, the report noted, also making reference to the company's release.

The new shares will be admitted to trading Dec. 20.

BNP Paribas acted as the global coordinator and book keeper of the share issue.