Report
Florent Laroche-Joubert

Icade : The liquidity event on Icade Santé suggests significant upside on Icade's share price

>Plan to sell 100% of the stake in Icade Santé by end-2025 - Icade, the minority shareholders of Icade Santé and Primonial REIM yesterday announced the signature of an exclusivity agreement which will facilitate by end-2025 Icade's definitive exit from the healthcare real estate investment activity on the basis of a valuation at the at date of € 2.6bn (i.e. base NAV NTA at end-2022):A first stage should be undertaken between June 2023 and end-July 2023 and consis...
Underlying
Icade SA

Icade is a property developer/real estate investment trust (REIT). Co. offers its clients and business partners a range of complementary products and expertise in the development, design, contracting, marketing, and administrative and technical management of their properties. Co.'s activities are segmented into three divisions: Property Investment, Property Development, and Services. Property Investment focuses especially energy, water, waste and carbon comprises significant properties; Property Development targets properties and operations whose service orders were launched during the year, and Services division manages office buildings and housing units on behalf of third parties.

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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