Affine : Planned merger-absorption with STE set to produce France's sixth-largest REIT focused on offices
>For Affine, the defining aspects of the merger are scale and parity - Affine and Société de la Tour Eiffel (STE) held an information meeting on 5 December 2018 to present their planned merger. The deal is expected to be completed on 18 December subject to the last remaining pre-conditions being met.For Affine, the planned merger-absorption with STE is mainly justified by three factors: 1/ the merged entity will allow it to reach a critical scale, with a portfoli...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).
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.
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