Brief: Tikehau Capital raises stake in Selectirente to 50.1%

Selectirente SA

17/12/2019 07:20

Dec 17 (Reuters) - Tikehau Capital SCA  TKOO.PA :
    * SUCCESSFUL COMPLETION OF ITS LISTED SUBSIDIARY
SELECTIRENTE'S
CAPITAL INCREASE, FOR A TOTAL OF EUR 217 MILLION, ALSO
ANNOUNCING THAT IT NOW HOLDS A 50.1% STAKE IN COMPANY.
    * SUCCESS OF THIS TRANSACTION CONFIRMS SELECTIRENTE'S
ATTRACTIVE
POSITION IN REAL ESTATE MARKET, AND PROVIDES COMPANY WITH
ADDITIONAL RESOURCES TO FINANCE ITS GROWTH.
    * SELECTIRENTE IS A LISTED REAL ESTATE INVESTMENT COMPANY
SPECIALISED IN COMMERCIAL LEASEHOLD PROPERTY IN CITY CENTRES AND
PERIPHERAL AREAS
    * TIKEHAU CAPITAL TOOK PART IN THIS CAPITAL INCREASE WITH AN
INVESTMENT OF EUR 97MILLION

Source text for Eikon:  ID:nBw1yrlqra 
Further company coverage:  TKOO.PA 

 ((sudip.kargupta@thomsonreuters.com;))