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Spain’s Colonial Launches €800m Takeover Bid for French Unit SFL

REIT Seeks To Buy the 18% It Doesn’t Already Own in France’s Oldest Real Estate Company
One of Colonial's office assets at Paseo de la Castellana 52 in Madrid. (Colonial)
One of Colonial's office assets at Paseo de la Castellana 52 in Madrid. (Colonial)

Inmobiliaria Colonial, Spain’s second-largest real estate investment trust, has announced it will make a voluntary takeover offer to buy up to the 18% of of French subsidiary Société Foncière Lyonnaise it doesn’t already own for €806m.

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