Cofinimmo has announced that the shareholders of âBeta Investâ sprl have contributed all of their shares by contribution in kind to Cofinimmo, in exchange for new Cofinimmo ordinary shares, with right to a share in the profits of the company from 01.01.2005 onwards, issued within the limits of the authorised capital.
This transaction perfectly fits in with the investment policy of Cofinimmo since it reinforces its position in one of the most favourable locations. It has been financed for one half with new equity capital and for the other half by indebtedness.
Furthermore, Cofinimmo has granted rights under a 99-year long lease on its properties Meiboom 16-18 and Pacheco 34.
Source: Cofinimmo
