(AOF) – Covivio announces that it has today finalized the operation announced on February 22, 2024, namely the acquisition of 8.3% of the capital of its subsidiary Covivio Hotels held by Generali, in exchange for new Covivio shares. The group, which is thus increasing its exposure to the hotel industry, a growing asset class, from 17% to 20%, announces the launch of a public exchange offer on the balance of the capital of Covivio Hotels (47.8%). . Covivio does not intend to implement a squeeze-out following the offer, nor to carry out a merger within 12 months following its closing.
The exchange offer will be made under the same conditions as the contribution by Generali: 31 Covivio shares for 100 Covivio Hotels shares, post-detachment of 2023 dividends.
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