Carmila Acquires 93% Stake in Galimmo SCA

July 1, 2024

Carmila has closed the acquisition of 93% of the share capital of Galimmo SCA for €272 million,adding a portfolio of 52 primarily north-eastern France retail assets valued at €675 million (Dec 31, 2023). The deal is immediately accretive to Carmila's EPRA NDV and recurring earnings and strengthens its partnership with Carrefour while expanding Carmila's retail property portfolio in France.

Buyers
Carmila
Targets
Galimmo SCA
Sellers
Louis Delhaize group, Other shareholders (including an entity managed by Primonial Reim France)
Industry
Real Estate
Location
France
Transaction Type
Buyout

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