Report

Covea préfère l’offre d’Eurosic, Gecina ne renonce pas - VENTE - OC 112€

Covea a indiqué hier sa préférence pour l’offre d’Eurosic pourtant moins généreuse que celle de Gecina. Eurosic et Covea détenant respectivement 26,6% et 29,7% de Foncière de Paris, Eurosic a désormais le pouvoir de bloquer la surenchère de Gecina, qui avait fixé le seuil de renonciation à 50,01%. Si Gecina ne l’emportait pas, nous ne percevrions pas forcément cette issue négativement, puisque nous estimons le prix proposé trop élevé. Eurosic semble avoir pris l’avantage, mais les réactions du conseil de surveillance de FDP, d’actionnaires minoritaires, et l’éventuel pouvoir de persuasion de Gecina seront à surveiller.
Underlying
Gecina SA

Gecina is a rental real estate company. Co.'s purpose is to operate individual rental properties or group of properties located mainly in France. Co.'s properties include commercial assets (offices and retail outlets), residential assets, logistics assets, hotels and healthcare facilities. Co. is organized around two main sectors and one ancillary segment: Economic sector comprising the commercial segment (offices and retail outlets), the portfolio of logistics properties and of hotel buildings; Demographic sector comprising traditional residential units (housing units property holding), portfolio of students residences and of healthcare facilities; Ancilary segment of real estate services.

Provider
Invest Securities
Invest Securities

Since 2006, Invest Securities has become one of the leading players in investment services for funds and managers, to whom we offer a global and personalised service. Our track record differentiates us and proves our leadership in numerous promising sectors like property and growth companies.

Consisting of 13 different profiles (pharmacist, engineer, financier, etc), the DNA of our financial analysis office is value added and sector expertise. Through daily monitoring and detailed analyses of companies and sectors, we seek to provide a differentiating vision of our 120 stocks followed. Our ideas are circulated every day to nearly 1,000 professionals.

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