Covivio: towards an increased stake in Covivio Hotels
This operation, which represents the equivalent of the acquisition of 500 million euros of assets and a strengthening of shareholders' equity of nearly 300 million, marks a major step in Covivio's reinforcement in the hotel sector, a growth market.
On completion of this contribution, expected by the end of April, the real estate company will own 52.2% of the capital of its subsidiary Covivio Hotels, and will launch a mandatory public exchange offer for the remainder of the capital.
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