IFLR1000

Crédit Agricole Assurances €715 million acquisition of 12.95% stake in Icade

28/6/2017
Public acquisition
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€ 715 million

$ 813 million

Announced

28/6/2017

Overview:

  • Crédit Agricole Assurances has acquired Groupama's stake in Icade for €715 million.
  • Icade is a French real estate developer.
  • The stake being sold aggregates to 12.95% of Icade's share capital.
  • Both boards of Groupama and Crédit Agricole Assurances have approved the transaction.

Katrin Kostadinova - Data analyst

Jurisdiction:

France

Deal type:

Public acquisition

Practice area:

M&A

Governing law:

France

Industry sector:

Real estate

Firms:
BDGS Associés

Party: Crédit Agricole Assurances (Acquirer)

Bredin Prat

Party: Groupama (Seller)

Lawyer: Patrick Dziewolski

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