Report
Florent Laroche-Joubert

Societe Fonciere Lyonnaise : A potential premium to retain its shares prior to a probable delisting within the next 12 months

>Colonial now a 98.33% shareholder in SFL - Colonial now owns 98.33% of SFL’s capital following1/ the purchase and cancellation of SFL shares from Predica (13% of the capital) as well as 2/ the success of the mixed public offering on SFL’s shares by Colonial from 22 July to 25 August.SFL's stock is therefore now highly illiquid with a free float of only 1.7% whereas Colonial’s mixed public offering will not be followed by a request for SFL’s compulsory delisting ...
Underlying
Societe Fonciere Lyonnaise SA

Societe Fonciere Lyonnaise purchases, renovates, develops, and manages urban properties in a real estate portfolio located primarily in Paris, France. Co. divides its operation into two segments: Property rental services & Sales. Co.'s geographic segments comprise: Paris Central Business District, comprising the Golden Triangle and the Financial District, spanning parts of the 1st, 2nd, 9th, 8th, 16th and 17th arrondissements of Paris; Western Crescent, located West of Paris on the other side of the Boulevard P?riph?rique ring-road, comprising Neuilly, Boulogne, Issy-les-Moulineaux and Levallois; and Others corresponding to the rest of Paris, outside the Central Business District.

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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