Gide, counsel to BNP Paribas on Foncière des Murs’s share capital increase of around EUR 200 million
3 April 2017
Deals | France | Capital Markets
Gide has advised the Lead Manager BNP Paribas on Foncière des Murs’s share capital increase of around EUR 200 million with preferential subscription rights. The company’s main shareholders (Foncière des Régions, Predica, Generali Vie, Cardif Assurance Vie, ACM Vie and Pacifica) exercised the preferential subscription rights attached to their shares.
Foncière des Murs, a subsidiary of Foncière des Régions, specialises in the ownership of service-sector property, particularly hotels. The share capital increase aims to finance part of the acquisition of a portfolio of 17 hotels in Spain.
Gide’s team was led by partner Arnaud Duhamel assisted by Guilhem Richard, Aude-Laurène Dourdain and Juliette Pierre.