Fonciere des Régions: new step in the group`s simplification...
(WorldNews France)

New step in the Group`s simplification PRESS RELEASE Paris, 23 October 2017 Preparing to delist Foncière Développement Logements Foncière des Régions has signed a transfer agreement with Cardif, Crédit Agricole Assurances and Generali Vie for the contribution of their 38.6% stake in Foncière Développement Logements. The contributions, to be realized by end-November, will be remunerated c.30% in cash (at EUR4.65 per FDL share) and c.70% in exchange of Foncière des Régions shares (1 FdR share for 20 FDL shares), thereby reflecting an overall valuation of the FDL share at EUR4.21, representing a 9.5%1 discount on the NAV at end-June 2017. Following the transfer...