(CercleFinance.com) – Covivio indicates that it has finalized the acquisition, announced in February, of the 8.3% of the capital of its subsidiary Covivio Hotels held by Generali, in exchange for new Covivio shares, an operation which strengthens its exposure to hotel industry at 20% (compared to 17% at the end of 2023).
This strengthening of real estate in this growing asset class could continue through the launch, in the coming weeks, of a public exchange offer on the balance of the capital of Covivio Hotels (47.8%).
This offer would be made under the same conditions as the contribution by Generali and Covivio does not intend to implement a squeeze-out, nor to carry out a merger within 12 months following the closing of the offer.
Copyright © 2024 CercleFinance.com. All rights reserved.
Did you like this article ? Share it with your friends using the buttons below.
