Fonciere des Regions sells its Altera stake to Crédit Agricole for €115 million (FR)

Fonciere des Regions, a French property company reported yesterday that it has sold the 7.65% interest that it owned in Altarea Cogedim, a French retail retail property developer and owner, to Crédit Agricole.

Crédit Agricole who already owned a 19% stake in the company now controls 27% of the company’s share.

Fociere des Region’s stake was acquired for a reported €115 million 

Source: Reuters

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