Aedes and CDC Group respectively sold their 16.67% and 16.66% stake in Aedilia VIC to Union Mutuelle des Retraite (UMR), institutional French pension fund. This disposal is part of Aedes’ strategy to develop investment platforms with international institutional investors.
Aedes and Dante Sasu, company controlled at 100% by CDC (Caisse de Depòts et Consignations), have transferred a stake respectively of 16.67% and of 16.66% of Aedilia VIC s.r.l, joint venture between Aedes and CDC group, focused on “suburban supermarkets” segment, to Union Mutuelle des Retraite (UMR).
UMR is the mutual french pension union which manages the public supplementary allowance and invests an institutional part of its own assets in the real estate sector.
After the transfer, Aedilia VIC’s shareholding will be equally divided among Aedes, CDC and UMR.
The transaction forms part of Aedes’ strategy that is directed to develop investment platforms with institutional international investors. The transfer, that took place at a value of € 10 mln, of which € 3.5 mln for the shareholders equity and € 6.5 mln for the
shareholders loan, allows Aedes to realize a consolidated capital gain gross of tax of € 4 mln and generates a positive financial effect of € 10 mln.
The legal advisor of the transaction has been Mr. Davide Apollo, lawyer and partner of NCTM law firm.
Source: Aedes Immobiliare