Mercialys : Still some way to go in the divestment of shares held by CACIB via the equity swap
>Casino equity swap: AMF thresholds reached - In a letter received yesterday, the AMF indicates that CACIB, Casino’s counter-party for the equity swap that was put in place in July 2018 on 15% of Mercialys’ capital, has breached the thresholds of 10% capital and voting rights in Mercialys. Taking account of the historic positioning of CACIB's difference businesses in Mercialys (i.e. around 6%-7%, on our reckoning), we estimate that CACIB must sell a further 6/7% ...Mercialys is a real estate company, specialized in the transformation and management of shopping centers. Co. manages a portfolio of 91 properties located throughout France at Dec 31, 2013. Co.'s assets are classified into three categories: large regional shopping centers (GLA of over 365,800 sq. m.), neighborhood shopping centers (GLA of over 181,600 sq. m.), and Other assets (40,900 sq. m.). At Dec. 31, 2013, the portfolio comprised 25 large regional shopping centers, 36 neighborhood shopping centers, and 18 other sites such as food stores, specialty stores, independent cafeterias, service malls, and convenience stores, representing a total gross leasable area of about 588,300 sq. m.
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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