Paris - The Primonial group has announced its commitment to acquire the entire shareholding (30.3%) held by Union Financière de France Banque (UFFB) in the company Primonial Real Estate Investment Management (PREIM), for a total amount of 90.9 million euros. PREIM is a portfolio management company specialized in real estate. To December 31st, 2017, PREIM had 50,000 partners, €14 billion of assets under management and 3,500,000 m² of real estate assets under management.
The completion of this acquisition is subject to approval from the regulatory authorities.
Following this deal, the Primonial group, which already holds a 69,7% stake in this company, will hold PREIM’s entire capital.
The Mayer Brown team advising Primonial included :
- On the corporate aspects : Jean-Francois Louit, Caroline Lan (partners), Francois Bossé Cohic (associate)
- On the finance aspects : Patrick Teboul (partner), Julien Leris (associate)