Eurazeo: in negotiations for ANF Immobilier.
(CercleFinance.com) - Eurazeo announces that it has entered into exclusive negotiations with Icade with a view to transferring its majority stake (50.
48% of the capital and 53.73% of the voting rights) of ANF Immobilier.
This transfer would be followed by a purchase offer from Icade for the remainder of the capital at a price of 22.15 euros per share, i.e. a premium of 10.2% on the average share price for the last three months.
From this sale, Eurazeo would obtain 213 million euros, or 2.3 times its investment, and an IRR of 13%. The parties envisage completing the operations over the course of Q4 2017.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
48% of the capital and 53.73% of the voting rights) of ANF Immobilier.
This transfer would be followed by a purchase offer from Icade for the remainder of the capital at a price of 22.15 euros per share, i.e. a premium of 10.2% on the average share price for the last three months.
From this sale, Eurazeo would obtain 213 million euros, or 2.3 times its investment, and an IRR of 13%. The parties envisage completing the operations over the course of Q4 2017.
Copyright (c) 2017 CercleFinance.com. All rights reserved.