Eiffel Tower Company: Planned capital increase of 600 million euros

Société de la Tour Eiffel is planning a capital increase with preferential subscription rights of 600 million euros. This approach aims to strengthen its financial structure and promote sustainable growth. A relevant project in a context where the company could fail to comply with certain banking covenants within a year, thus risking early repayment of its debt.

The main shareholder, the SMABTP Group, supports this operation and has committed to subscribing to at least 75% of the targeted amount. An Extraordinary General Meeting will be held on December 16, 2024 to approve this project. The price of the new shares will be set by the Board of Directors after this meeting, but may not be lower than the nominal value of 5 euros per share.

The transaction is expected to close in the first quarter of 2025, providing the company with the opportunity to consolidate its real estate portfolio and optimize its financial performance.