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- Nordics Property Breakfast
31 May 2012
Frankfurt am Main, Germany
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- Property Debt Breakfast
20 June 2012
London
French Gecina takes loss on Eiffage stake
French REIT Gecina has sold its 1.86% stake in construction group Eiffage. It took a capital loss, reasoning that the price paid, around E64, is unlikely to be regained soon. The stake derives from an ill-starred investment in 2007 when Gecina was run by Spanish CEO Joaquin Rivero and Eiffage was the target of a E6.5bn takeover bid by Madrid-based construction group Sacyr Vallehermoso.