Advising Cardety in connexion with the merger with Carmila

Advising Cardety in connection with the merger-absorption of Carmila by Cardety.

The shareholders of Cardety and Carmila at extraordinary general meetings have approved the proposed merger of their companies on the basis of a merger parity of 1 Cardety share for 3 Carmila shares, resulting in the absorption of Carmila by Cardety.

The merged entity was renamed « Carmila » and held by Carrefour with 42.5% of the share capital.

This merger allows the creation of the 3rd listed real estate company of shopping centers in Continental Europe with a portfolio of 205 assets with an appraisal value of 5.4 billion euros.