Tour Eiffel: Eurobail tenders 30% stake to SMABTP offer (translated)
Eurobail has announced that it has tendered almost all of its entire 30% stake in listed French property group Tour Eiffel to the EUR 58 per share offer made by insurer SMABTP, French daily Le Figaro reported. The report said that Eurobail, controlled by businessman Chuc Hoang, said in a press release that the EUR 58 per share price is worth more than the Net Asset Value (NAV) of the target.
The report added that SMABTP now controls more than 80% in Tour Eiffel.
Le Figaro