Brief: Korian, Credit Agricole, Banque Des Territoires Invest EUR 400 Million In France

Clariane SE

08/07/2022 07:14

July 8 (Reuters) - Korian  KORI.PA :
    * KORIAN AND ITS PARTNERS, CRÉDIT AGRICOLE  CAGR.PA  AND
BANQUE
DES TERRITOIRES, INVEST 400 MILLION EUROS IN FRENCH TERRITORIES
    * FINANCING OF A SECOND AGES & VIE REAL ESTATE PROGRAMME
COMPRISING 330 HOUSES
    * 500 TO 600 SHARED HOUSES BY END OF 2025, FROM 164 IN 2021
    * THIS FOLLOWS AN INITIAL AGREEMENT SIGNED IN 2019 TO
FINANCE
CONSTRUCTION OF 300 HOUSES, WHICH WILL BE FULLY DELIVERED IN
2023
    * THIS 20-YEAR PARTNERSHIP WILL ALLOW TO FINANCE
CONSTRUCTIONS
THROUGH A PROPERTY COMPANY, 30% OWNED AND CONTROLLED BY KORIAN,
AND 70% OWNED, EQUALLY, BY CREDIT AGRICOLE THROUGH A DEDICATED
STRUCTURE HELD BY CRÉDIT AGRICOLE ASSURANCES AND REGIONAL BANKS
OF CRÉDIT AGRICOLE GROUP, AND BANQUE DES TERRITOIRES

Source text for Eikon:  ID:nBw4xSRm4a 
Further company coverage:  KORI.PA ,  CAGR.PA 

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