Carmila jumps after deal to acquire French peer Galimmo

Carmila SA

13/07/2023 09:22

** Shares Carmila  CARM.PA  jump more than 4% after the
French real estate firm said on Wednesday it had agreed to
acquire peer Galimmo for 294 million euros ($327.9 million)
    ** Carmila reached an agreement with Louis Delhaize group to
acquire its 93% holding in Galimmo, which owns 52 shopping
galleries adjacent to Cora stores
    ** The deal comes in parallel to the announcement made on
Wednesday by Carrefour  CARR.PA , which has a 36% stake on
Carmila, to acquire the Cora and Match banners in France
    ** Carmila's and Galimmo's complementary geographical
footprints and respective track-records are an opportunity to
create a unique player in retail real estate in France, Carmila
said in a statement

($1 = 0.8967 euros)

 (Reporting by Diana Mandiá)
 ((diana.mandiaalvarez@thomsonreuters.com))