The deal will net the struggling owner of the Gucci fashion label €837 million.

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Kering sells stake in landmark Paris buildings to Ardian

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Gucci-owner Kering sells 60% stake in Paris properties to PE firm Ardian for €837M

Consensus of the Market Banc Sabadell  Kering has announced this week the signing of an agreement with Ardian by which it will transfer three real estate assets located in prime areas of Paris to a joint venture created with this one. Kering will maintain a share of 40% in the joint venture and will receive for this operation ~837 million euros (~3% on capitalization and ~2% on EV). It is expected to close the agreement in 1T’25. Rating: Positiv…

Consenso del Mercado Banc Sabadell | Kering anunció esta semana la firma de un acuerdo con Ardian por la que traspasará tres activos inmobiliarios localizados en zonas prime de París a una joint venture creada con ésta. Kering mantendrá una participación del 40% en la joint venture y recibirá por esta operación ~837 millones de euros (~3% sobre capitalización y ~2% sobre EV). Se espera cerrar el acuerdo en 1T’25. Valoración: Noticia positiva aun…

Noticias Bolsas internacionales Kering firma con Ardian un acuerdo por el que traspasará tres activos inmobiliarios de zonas prime de París a una joint venture

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News Kering International Stock Exchanges signs with Ardian an agreement by which it will transfer three real estate assets from prime areas of Paris to a joint venture

The deal will net the struggling owner of the Gucci fashion label €837 million. Read Moresource The post Kering sells stake in landmark Paris buildings to Ardian appeared first on WeirdReads.

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Kering sells stake in landmark Paris buildings to Ardian - WeirdReads

Kering and Ardian announced the signature of a binding investment agreement pertaining to three highly prestigious real estate properties in Paris. This portfolio comprises H�tel de Noc�, located 26, place Vend�me, and two buildings located on avenue Montaigne, at 35-37 and 56.� Kering is contributing these assets to a newly created joint venture. Ardian, a world-leading private investment house, will hold a stake of 60% in this unique prime rea…

Kering sells stake in landmark Paris buildings to Ardian

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