fundraising to finance a large acquisition

Increase. Frey launches a capital increase at the rate of 1 new share for 7 old shares at a price of 25 Euros. This fundraising of 100 million Euros is linked to the refinancing of a large acquisition. In exchange for 272 ME, Frey took over the Polygone shopping center in Cagnes-sur-Mer from Unibail. Benefiting from a loyal customer base, Polygone is located in a strong catchment area. With 77,000 square meters, this center becomes the largest in Frey’s heritage ahead of that of Cartagena in Spain… Frey’s economic model is based on open-air centers which are less expensive for traders than large centers regional.