Report
Florent Laroche-Joubert

Affine : Merger with Société de la Tour Eiffel: another milestone reached

>The facts: merger agreement signed on 8 November - Following the announcement made on 28 September, Société de la Tour Eiffel (“STE”) and Affine RE (“Affine”) confirmed the signing on 8 November, of the merger agreement relative to the merger-absorption of Affine by STE. This project will be subject to the approval of the two shareholders EGMs convened on 18 December 2018. The agreement merger to be completed on the same date, is subject to the lifting of the conditi...
Underlying
Affine RE SA

Affine is a property company specializing in commercial property. Co. is engaged in real estate activities and leasing activities. Co.'s activities are divided into four poles: a Parisian pole (offices), and 3 regional poles (offices, retail, warehouses & industrials). Office premises in French regions represent 43% of the portfolio and contain major assets such as the Lille Europe tower; Retail focuses on commercial properties, which consist chiefly of city-centre retail areas; and Warehouses and Industrials represents the logistics properties of the Affine group, including several types of platform, most of these being bi-modal (rail/road).

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Florent Laroche-Joubert

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