Gecina shares resilient after it unveils €1bn rights issue to buy rival Eurosic

Paris_PA_230x150
By Aidan Gregory
18 Jul 2017

Gecina, the French real estate investment trust focused on residential, office and healthcare properties, will raise €1bn through a fully underwritten rights issue to partly refinance its acquisition of Eurosic.

Morgan Stanley and Deutsche Bank have been hired as global coordinators. BNP Paribas, Crédit Agricole, Goldman Sachs, HSBC, Natixis, JP Morgan and Société Générale are bookrunners, while Crédit Mutuel-CIC, ING and RBC Capital Markets are co-lead managers.

The one-for-seven deal consists of 9.06m new shares at an ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.