Gecina: go ahead for merger with Eurosic.
(CercleFinance.com) - Gecina has announces that it has received approval from competition authorities for its friendly merger with Eurosic, with this project thus crossing a new significant point, which will make Gecina the fourth largest real estate company in Europe.
The acquisition of controlling blocks in Eurosic, which represent 85.3% of its capital, from its six main shareholders, is expected to be completed by late August. Gecina will then file a takeover bid and exchange offer on Eurosic securities that it does not yet hold.
Furthermore, Gecina takes note of the approval by Eurosic's board of directors, on 26 July, of the conclusions of the independent expert's report, which confirms the fairness of the terms of the takeover bid for Eurosic.
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The acquisition of controlling blocks in Eurosic, which represent 85.3% of its capital, from its six main shareholders, is expected to be completed by late August. Gecina will then file a takeover bid and exchange offer on Eurosic securities that it does not yet hold.
Furthermore, Gecina takes note of the approval by Eurosic's board of directors, on 26 July, of the conclusions of the independent expert's report, which confirms the fairness of the terms of the takeover bid for Eurosic.
Copyright (c) 2017 CercleFinance.com. All rights reserved.