Brief: Reinsurer Scor to buy Altarea's stake in MRM and will then aim to de-list MRM
27/09/2024 18:34
Sept 27 (Reuters) - Scor SCOR.PA :
* SCOR, MRM'S REFERENCE SHAREHOLDER, ANNOUNCED ITS INTENT TO
ACQUIRE ALL REMAINING SHARES OF MRM THROUGH A SIMPLIFIED PUBLIC
TENDER OFFER
* M.R.M. SA informed that SCOR SE has reached an agreement
to
acquire Altarea SCA’s stake in MRM, representing circa 15.92% of
the share capital, bringing SCOR’s shareholding in MRM to circa
72.5% of the share capital and voting rights.
* This transaction will result in the loss of MRM’s status
as a
listed real estate investment company subject to the French REIT
regime.
* This offer would be followed by a squeeze-out with the
intent to
delist MRM by the end of 2024
* SCOR is considering an estimated Offer price of 35.4 euros
per
MRM share based on MRM's NTA Adjusted Net Asset at 30 June 2024
Source text for Eikon: ID:nGNE1XNSqf
Further company coverage: SCOR.PA
(Reporting by Sudip Kar-Gupta)
((sudip.kargupta@thomsonreuters.com;))