PIE Events
- Nordics Property Breakfast
31 May 2012
Frankfurt am Main, Germany
Upcoming Events
- Property Debt Breakfast
20 June 2012
London
French REIT FdR proposes share dividend to raise up to E159m in fresh equity
The board of French REIT Foncière des Régions is to propose to the annual meeting today the option of paying the 2009 dividend in a new issue of shares that could raise up to E159m in fresh equity, putting the group on track to cut loan to value to around 50% within 12 months. The proposed issue price of E65 is below the close yesterday at E74, and has been accepted by shareholders representing 40% of FdR equity. (See upcoming PIE Editions for full story)