Carmila Acquires 93% of Galimmo SCA and to Increase Ownership to 99.9%
July 1, 2024
Carmila announced the closing of its acquisition of 93% of the share capital of Galimmo SCA for total consideration of €272 million. The transaction was completed alongside the closing of Carrefour’s acquisition of Cora France, and Carmila also holds a put option over an additional 7% stake managed by Primonial REIM France to take its ownership to 99.9% (implying total investment of €299 million).
- Buyers
- Carmila, Carrefour
- Targets
- Galimmo SCA
- Sellers
- Galimmo SCA controlling shareholders, Carmila’s controlling shareholder (non-strategic minority stake seller as described)
- Industry
- Real Estate
- Location
- France
- Transaction Type
- Buyout
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