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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Icade | EU:ICAD | Euronext | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.18 | 0.78% | 23.12 | 22.80 | 23.30 | 23.44 | 23.00 | 23.30 | 192,016 | 16:40:00 |
From Jan 2020 to Jan 2025
Icade (ICAD.FR) and Morgan Stanley (MS) Real Estate Fund V, or MSREF, announced Wednesday that they have entered into a binding framework agreement setting out the terms and conditions of the acquisition by Icade of MSREF's 94.5% stake in Compagnie la Lucette (MILU.FR), the listed French property company.
MAIN POINTS
-Following the completion of this strategic transaction, MSREF will hold approximately 4.5% of Icade's share capital, making it Icade's second largest shareholder after Caisse des depots et consignations.
-The transaction will be carried out on the basis of the combined payment of 2 Icade shares and cash consideration of EUR32.50 in exchange for 21 Compagnie la Lucette shares.
Company Web site: http://www.icade.fr
-Dow Jones Newswires; dennis.baker@dowjones.com
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