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28 May 2012

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French Docks Lyonnais posts E18m loss after SIIC exit

French listed group Docks Lyonnais slipped back into the red in 2010, posting an E18m net loss against a year-earlier profit of E52m after being forced out of the French REIT/SIIC regime, after failing to meet the 60% single shareholder cap. The firm is 93% owned by Luxembourg holding Boca, and will therefore pay no dividend.

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