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Carrefour SA to launch buyout bid for Carrefour Property Development SA following sale of assets

Monday, 27 Jan 2014 11:55am EST 

Carrefour Property Development SA:Says that in the context of Carrefour SA's project to create a company for shopping centers adjoining its hypermarkets in Europe, Carrefour Property Development SA will sell this company its asset in Mondevillage and the shares in SNC Pau Lescar.Says the transactions will take place based on the valuations of the assets as at Sept. 30, 2013, these being 43.5 million euros for Mondevillage and 37 million euros for Pau Lescar.Says following the sale of these assets, Carrefour will launch a buyout bid for Carrefour Property Development.Says this bid will be made at a price in line with the reevaluated net asset value per share of Carrefour Property Development following the sale.Says the buyout bid will not be followed by a squeeze-out. 

Company Quote

-0.1 -0.41%
19 Dec 2014