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19 Oct 2018
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Thu, May 3 2018

France's Fonciere des Regions enters UK market in $1.2 billion hotels takeover deal

PARIS French property group Fonciere des Regions made its first foray into the British market on Thursday, in a deal to buy 14 upmarket hotels from Starwood Capital for 858 million pounds ($1.2 billion).

France's Fonciere des Regions enters UK market in $1.2 bln hotels takeover deal

PARIS, May 3 French property group Fonciere des Regions made its first foray into the British market on Thursday, in a deal to buy 14 upmarket hotels from Starwood Capital for 858 million pounds ($1.2 billion).

BRIEF-Fonciere Des Regions to finance UK hotels takeover deal via capital increase

* To finance this transaction, Foncière des Murs, a subsidiary of Foncière des Régions, has in particular planned an increase of its share capital in the amount of c. €300 million, to be subscribed by all its major shareholders

BRIEF-Fonciere des Regions buys UK hotels portfolio from Starwood worth $1.1 bln

* Starwood Capital agrees to sell an 830 million pounds ($1.13 billion) portfolio of U.K. Hotels to Foncière des Régions

BRIEF-Fonciere Des Regions Q1 Rental Income Group Share EUR ‍​146 Million, Down 2 Pct

* Q1 RENTAL INCOME GROUP SHARE EUR ‍​146 MILLION DOWN 2.0 PERCENT

UPDATE 1-Property group Fonciere des Regions plans Italian unit buyout

* Fonciere to seek Milan share listing (Adds detail, background)

Property group Fonciere des Regions in talks to buy out Beni Stabili

PARIS, April 20 French property group Fonciere des Regions has started talks over buying full control of its Italian subsidiary Beni Stabili, in the latest merger move to hit the European property market.

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