Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Euronext Paris  >  Icade    ICAD   FR0000035081

ICADE (ICAD)
Mes dernières consult.
Most popular
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

ICADE : Opening of the share capital of Icade Santé

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/12/2012 | 08:41am CEST

PRESS RELEASE Paris 11 April 2012

Opening of the share capital of Icade Santé Icade Santé, a subsidiary of Icade specialised in investment in healthcare real estate, is increasing its share capital by €250 million with a reserved capital increase to three institutional investors led primarily by Crédit Agricole Assurances and BNP Paribas Cardif. Each insurer has invested its share of the funds through its own OPCI vehicle approved to this end.

Thanks to an increased capital base, Icade Santé will pursue its development as the leading property company serving healthcare operators. As the current leader in its field with a

44 facilities portfolio of more than €1.3 billion value, Icade Santé benefits from a diversified rental base with 6 partner operators and a dedicated team with widely recognised know-how.

This operation will enable Icade to pursue its investments and acquisitions of healthcare real estate assets while keeping the contribution of this asset class to its cash flow unchanged. At the end of this operation, Icade will hold 69% of the share capital of its subsidiary.

As for Crédit Agricole Assurances, this operation constitutes a transaction with a high potential enhanced by a partnership with a healthcare real estate specialist and will thus enable it to pursue the diversification strategy of its portfolios into real estate investments in operational properties such as clinics and hotels.

About Crédit Agricole Assurances

Number one for bancassurance in Europe and number two for life insurance in France based on the amount of premiums collected, Crédit Agricole Assurances handles all the Group's French and foreign insurance activities. It comprises Predica, a personal insurer, Pacifica, specialised in non-life insurance, Caci for creditor insurance, the various international subsidiaries and Caagis for IT management and services, as well as Spirica and LifeSide Patrimoine, focused on life insurance for wealth management.

Key figures for the Crédit Agricole Assurances Group(at 31 December 2011)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ICADE
10/20 ICADE : favorable dynamic across all business lines in Q3 2017
10/17ICADE SA : quaterly earnings release
10/11 ICADE : signs an agreement to acquire Eurazeo's controlling interest in ANF Immo..
09/27 ICADE : Santé acquires two new clinics
09/14 ICADE : at the centre of the Paris 2024 Olympics
09/14 ICADE : Development partnership for Icade Santé, several contracts signed by the..
09/13 ICADE : Korian Group, Icade Santé and Icade Promotion sign partnership agreement..
09/07 CSR : ICADE among the companies most recognised by ESG rating agencies
09/07 ICADE : White & Case Advises Icade on Its Inaugural Green Bond Issue
09/04 ICADE : has successfully launched its inaugural €600M 10-year Green Bond with a ..
More news
News from SeekingAlpha
2015 THE ISHARES MSCI FRANCE ETF : An Exceptional Fund
Financials (€)
Sales 2017 1 686 M
EBIT 2017 491 M
Net income 2017 123 M
Debt 2017 4 867 M
Yield 2017 5,66%
P/E ratio 2017 31,95
P/E ratio 2018 30,44
EV / Sales 2017 6,15x
EV / Sales 2018 5,81x
Capitalization 5 492 M
Chart ICADE
Duration : Period :
Icade Technical Analysis Chart | ICAD | FR0000035081 | 4-Traders
Technical analysis trends ICADE
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 79,8 €
Spread / Average Target 7,6%
EPS Revisions
Managers
NameTitle
Olivier Wigniolle Chief Executive Officer
André G. Martinez Chairman
Victoire Aubry Head-Finance, Legal & Information Technology
Marie-Christine Lambert Independent Director
Olivier Mareuse Director
Sector and Competitors
1st jan.Capitalization (M$)
ICADE9.75%6 472
GECINA5.05%11 579
GPT GROUP-1.19%6 969
COLONY NORTHSTAR INC-16.02%6 892
MIRVAC GROUP9.39%6 785
FORTRESS INCOME FUND LTD23.91%4 706