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Fonciere des Regions SA To increase its Stake in Fonciere Developpement Logements FDL SA to 62.4%


Tuesday, 11 Jun 2013 02:00am EDT 

Fonciere des Regions SA (FDR) announced that its Board of Directors has proposed a public exchange offer to Fonciere Developpement Logements FDL SA (FDL), allowing FDR to increase its exposure in Germany. Based on an exchange rate of 6 new shares for 23 FDL shares, FDR should hold at the end of the operation between 58.2% and 62.4% stake in its subsidiary residential (against 31.6% at 31 December 2012). The exchange offer will be open in July and be completed in September. 

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25 Jul 2014