trending Market Intelligence /marketintelligence/en/news-insights/trending/skAqhn7amEyvDFJcOOpQYg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Eurosic's Foncière de Paris bid clears regulatory hurdle

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


Eurosic's Foncière de Paris bid clears regulatory hurdle

Paris-basedEurosic got the all-clearfrom the French competition authority for its takeover of its peer Foncière de Paris,a company statement said.

As aresult, Eurosic is now free to acquire a 22.7% stake in the company from Allianzand a 3.9% stake from Generali at a price of €145 per share, which it plans to doin the coming days.

The tenderoffer for Foncière de Paris is now subject to approval by shareholders of Eurosicat an extraordinary general meeting, which has been scheduled for May 17.

Eurosicannounced the terms ofits takeover offer in March. The takeover would potentially create a Paris-focusedcompany with €5 billion of property under management.