Gecina shareholders Blackstone, Ivanhoe push for board seats - Reuters
French property group Gecina said on Thursday that its stakeholders Blackstone and Ivanhoé Cambridge had requested they be allowed to appoint board members to reflect their 22.98 percent interest in the firm. Gecina said it had been informed that a statement of intent was filed with France's securities regulator by Eliseo Finance, a vehicle controlled by the U.S. investment firm Blackstone and Canadian property manager Ivanhoé. Blackstone and Ivanhoé acquired their stake last month following a ruling by a Luxembourg court which awarded them an equity stake in exchange for debt. Ivanhoé is the real estate investment arm of pension fund manager the Caisse de dépôt et placement du Québec.
6 February 2014•1 min read
