trending Market Intelligence /marketintelligence/en/news-insights/trending/p1y_myihh8stutnwpctwua2 content esgSubNav
In This List

Ivanhoé Cambridge divests Gecina shares for €473M


Japan M&A By the Numbers: Q4 2023

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise


FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance


Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

Ivanhoé Cambridge divests Gecina shares for €473M

Canadian real estate company Ivanhoe Cambridge Inc. trimmed its shareholding in French real estate investment trust Gecina by selling 4.28% of its equity through a placement with several investors using an accelerated bookbuilding process.

The company sold 3.23 million shares in Gecina, reducing its stake to 15.4%, according to a release. The shares were sold for €473 million, Reuters reported.

Goldman Sachs acted as book runner for the deal, the newswire said, adding that Ivanhoé Cambridge will pay a portion of the sale proceeds to repay its debt with the former.