Brief: Carmila Signs Deal With Batipart, ATLAND Voisin For Portfolio Sale

Carmila SA

12/04/2022 17:27

April 12 (Reuters) - CARMILA SA  CARM.PA :
    * CARMILA: SIGNATURE OF AN AGREEMENT FOR THE SALE OF A
PORTFOLIO
OF ASSETS WITH BATIPART AND ATLAND VOISIN
    * PORTFOLIO CONSISTS OF 6 ASSETS, ALL OF WHICH ARE LOCATED
IN
FRANCE: MONDEVILLAGE, MEYLAN, MONT ST AIGNAN, NANTES ST
HERBLAIN, RAMBOUILLET AND ST JEAN DE VEDAS
    * AGREED SALE PRICE OF PORTFOLIO IS EUR 150 MILLION,
INCLUDING
TRANSFER TAXES
    * CARMILA WILL RETAIN A 20% STAKE IN JOINT VENTURE, WITH AN
LTV
INCLUDING TRANSFER TAXES OF NO MORE THAN 50%, AND PROVIDE ASSET
MANAGEMENT, LEASING AND PROPERTY SERVICES FOR JOINT VENTURE
    * SALE IS EXPECTED TO CLOSE IN JUNE 2022
    * PROCEEDS OF DISPOSALS WILL FINANCE NEW INVESTMENTS AND
SHARE
BUYBACKS
    * IS TARGETING AN AGGREGATE AMOUNT OF DISPOSALS OF EUR 200M
IN
TOTAL IN 2022 AND 2023 AND INTENDS TO CONTINUE DISPOSING OF
ASSETS BEYOND 2023

Source text for Eikon:  ID:nBw2MP0v6a 
Further company coverage:  CARM.PA 

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