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

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 ...

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