Reuters logo
BRIEF-Fonciere des Regions acquires 19 hotels in Spain for 542 million euros
January 2, 2017 / 6:53 AM / 9 months ago

BRIEF-Fonciere des Regions acquires 19 hotels in Spain for 542 million euros

Jan 2 (Reuters) - Fonciere des Regions SA :

* Acquires 19 hotels in Spain for 542 million euros($569.86 million)

* Acquisition is made through subsidiary Fonciere des Murs

* Considers capital increase of approximately 200 million euros during H1, with maintenance of preferential subscription right

* Main shareholders, representing 94 pct of share capital, have already indicated their intention to subscribe for total amount covering entire proposed capital increase

* Acquisition is financed by cash lines and new 8-year debt at a cost of approximately 1.85 pct Source text: bit.ly/2i1jYrV Further company coverage: ($1 = 0.9511 euros) (Gdynia Newsroom)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below