Report
Florent Laroche-Joubert

Argan SA : Appeal strengthened by success of € 150m capital increase

>€ 150m capital increase successfully achieved (i.e. 8.7% of capital) …. - Argan yesterday morning announced the success of its capital increase in the form of an ABB. 2,027,028 new shares were thus issued, i.e. 8.7% of the capital pre increase at a subscription price of € 74, equating to a discount of c.6% to the price on 23 April and EPRA NTA per share at end-2023 of € 79.2. We understand that this capital increase was oversubscribed and with broadly pan-European in...
Underlying
Argan SA

Argan SA designs, builds, develops, owns, leases, and manages logistical bases and warehouses in France. Co. is also involved in land development and management, delivering turnkey projects to its customers. Co divides its activities among two categories of clients: Shipper and Logisticians. It serves shippers, manufacturers or distributors. In addition, Co. serves logisticians, operating the logistics of shippers, including Alloga, Arvato, Daher, Dartess , FM Logistic, Geodis, Kuehne & Nagel, Movianto, Neovia logistics, and XPO Logistic. Co.'s portfolio amounts to more than 1,600,000 mA2, made up of 50 logistics platforms and 9 couriers, making a total of 59 buildings.

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

Other Reports on these Companies
Other Reports from Oddo BHF
Matthias Desmarais
  • Matthias Desmarais

ResearchPool Subscriptions

Get the most out of your insights

Get in touch