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CBSM - Soc Centrale Bois Scieries Manche SA News Story

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Last Trade - 10:23am

Sector
Financials
Size
Small Cap
Market Cap £102.4m
Enterprise Value £238.5m
Revenue £14.4m
Position in Universe 528th / 849

BRIEF-SCBSM Acquires New Parisian Asset

Tue 1st December, 2020 6:27am
Dec 1 (Reuters) - SOC CENTRALE BOIS SCIERIES MANCHE SA
 CBSM.PA :
    * SYMBOLIC STAGE IN TRANSFORMATION PLAN WITH EXCEEDING OF
THE
THRESHOLD OF 80% OF REAL ESTATE ASSETS LOCATED IN THE HEART OF
PARIS
    * ACQUISITION WAS FINANCED WITH DEBT AND COMPANY'S CASH
FLOW,
REINFORCED BY NET PROCEEDS OF LOAN REPAYMENTS FROM PROVINCIAL
ASSET DISPOSALS (3 MEUR) ANNOUNCED TODAY
    * ACQUISITION OF A NEW PARISIAN ASSET, LOCATED IN THE OPERA
DISTRICT (PARIS II)
    * ALSO RECENTLY PROCEEDED TO SALE OF SEVERAL ASSETS IN
PROVINCES,
IN MULHOUSE AREA (HAUT-RHIN) AND IN ILE-DE-FRANCE REGION

Source text for Eikon:  ID:nACT66291 
Further company coverage:  CBSM.PA 

 (Gdansk Newsroom)
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