Crédit Agricole Center France joins the capital of Patrimoine & Commerce

On April 25, 2024 in Paris, Patrimoine & Commerce, listed on Euronext Paris, announced its capital increase project exclusively reserved for Crédit Agricole Center France, through its subsidiary CACF Investissements Fonciers. Totaling 20 million euros, this operation involves the creation of 869,565 new shares sold at 23 euros each. This price includes a 15% premium compared to the restated dividend price as of April 24.

The proposed price of 23 euros per share also represents a discount of 17% compared to the company's NAV excluding rights as of December 31, 2023. This development aims to support Patrimoine & Commerce's future acquisitions and consolidate its development. Eric Duval, manager and founder of the company, values the commitment of Crédit Agricole Center France for their strategy focused on low-cost retail parks. For his part, Frédéric Baraut, Managing Director of Crédit Agricole Center France, expresses his ambitions for territorial growth, particularly at the economic level.

The operation, planned to increase the share capital to 159,724,580 euros, will be subject to validation at an extraordinary general meeting scheduled for June 13, 2024.