Covivio: finalization of the transaction relating to the acquisition of 8.3% of the capital of its subsidiary Covivio Hotels

(Boursier.com) — Covivio announces the finalization of the operation which was presented in its press release of February 22, 2024 relating to the acquisition of 8.3% of the capital of its subsidiary Covivio Hotels held by Generali, in exchange for new Covivio shares.

This operation allows the Group to increase its exposure to the hotel industry to 20% (compared to 17% at the end of 2023), and marks a major step in strengthening Covivio in this growing asset class. This strengthening may continue via the launch of a public exchange offer for the remaining share capital of Covivio Hotels (47.8%).