Brief: Clariane Strengthens Financial Structure

Clariane SE

14/11/2023 08:34

Nov 14 (Reuters) - Clariane SE  CLARI.PA :
    * CLARIANE STRENGTHENS ITS FINANCIAL STRUCTURE 
    * ENTERED INTO EXCLUSIVE NEGOTIATIONS WITH CRÉDIT AGRICOLE
ASSURANCES TO CONCLUDE A PROPERTY PARTNERSHIP WORTH 140 MILLION
EUROS
    * 2024 OUTLOOK: PROPOSED CAPITAL INCREASE OF CLARIANE SE
WITH
PREFERENTIAL SUBSCRIPTION RIGHTS TO RAISE A GROSS AMOUNT OF 300
MILLION EUROS TO STRENGTHEN ITS EQUITY CAPITAL WITH A GUARANTEE
OF CRÉDIT AGRICOLE ASSURANCES, FOR AN AMOUNT OF 200 MILLION
EUROS
    * SECURING REAL ESTATE DEBT LINES FOR 200 MILLION EUROS
    * ASSET DISPOSAL PROGRAMME ACTIVATED FROM 2024 ENABLING THE
GROUP'S ACTIVITIES TO BE REFOCUSED GEOGRAPHICALLY, FOR GROSS
PROCEEDS OF C. 1 BILLION EUROS FROM DISPOSALS, IN ADDITION TO
THE REAL-ESTATE PARTNERSHIPS MENTIONED ABOVE
    * PROGRAMME OF ASSET DISPOSALS, STARTING IN 2024, TO REFOCUS
THE
GROUP'S ACTIVITIES GEOGRAPHICALLY, WORTH AROUND €1 BILLION
    * OPERATING LEVERAGE TARGET SIGNIFICANTLY BELOW 3X BY THE
END OF
2025

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nBw44mjtsa
 Further company coverage:  CLARI.PA  

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