(CercleFinance.com) – Covivio announces an agreement for the acquisition of the 8.3% of the capital of Covivio Hotels held by Generali, in exchange for new Covivio shares, on the basis of an parity of 31 Covivio shares for 100 Covivio Hotels shares, post-exchange of 2023 dividends.
This operation, which represents the equivalent of the acquisition of 500 million euros of assets and a strengthening of equity of nearly 300 million, marks a major step in the strengthening of Covivio in the hotel industry, a growing market.
At the end of this contribution operation, which is expected to be completed by the end of April, the property company will hold 52.2% of the capital of its subsidiary Covivio Hotels and will launch a mandatory public exchange offer on the balance of the capital. .
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