Announced
Completed
Financials
Sources
Tags
Domestic
Private
Single Bidder
Majority
Acquisition
Friendly
Real Estate Holding and Development
France
real estate investment
Completed
Synopsis
Primonial REIM, a European real estate asset management firm, completed the acquisition of a 64% stake in Icade Sante, the property investment division of Icade, a multinational real estate investment trust, for €1.4bn. The substantial cash generated by this transaction would also help Icade to fortify its balance sheet and seize potential growth opportunities.
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