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28 May 2012

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Gecina governance changes said attracting takeover interest

Because of recent corporate governance changes at French REIT/SIIC Gecina, including the waning influence of former chairman and CEO Joaquin Rivero amid a legal investigation, several firms are interested in a potential takeover, say Paris real estate sources. These include Foncière des Régions where its major shareholder Charles Ruggieri knows Gecina well.

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