Carmila: acquires 93% of Galimmo
(CercleFinance.com) - Carmila announces that it has acquired 93% of the capital of Galimmo SCA for a total price of E272m, or E9.
02 per share, in a transaction carried out simultaneously with the acquisition of Cora France by Carrefour.
Taking into account the potential acquisition of 7% of the capital from an entity managed by Primonial Reim France announced earlier, the retail property company would hold 99.9% of Galimmo SCA's capital, representing a total investment of E299m.
The transaction will be immediately accretive for Carmila shareholders, both in terms of recurring earnings per share (around 5% including full-year synergies) and EPRA NDV net asset value (around 5%).
In accordance with stock market regulations, Carmila will file a simplified tender offer in the coming weeks, followed by a squeeze-out if the shares are acquired from the entity managed by Primonial Reim France.
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02 per share, in a transaction carried out simultaneously with the acquisition of Cora France by Carrefour.
Taking into account the potential acquisition of 7% of the capital from an entity managed by Primonial Reim France announced earlier, the retail property company would hold 99.9% of Galimmo SCA's capital, representing a total investment of E299m.
The transaction will be immediately accretive for Carmila shareholders, both in terms of recurring earnings per share (around 5% including full-year synergies) and EPRA NDV net asset value (around 5%).
In accordance with stock market regulations, Carmila will file a simplified tender offer in the coming weeks, followed by a squeeze-out if the shares are acquired from the entity managed by Primonial Reim France.
Copyright (c) 2024 CercleFinance.com. All rights reserved.