Report
Florent Laroche-Joubert

Affine : Société de la Tour Eiffel takes over Affine R.E

>Merger-absorption of Affine by Société de la Tour Eiffel validated by the general meetings - Société de la Tour Eiffel (STE) and Affine RE (Affine) yesterday announced that their respective general meetings had approved the merger-absorption of Affine by STE on the basis of an exchange parity of 3 Affine shares for one STE share, i.e. an exchange ratio of 0.333 STE shares for one Affine share, in line with previous announcements.With all pre-conditions for the d...
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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