October 2013
  • Mergers & acquisitions
  • -
  • Equity capital markets

The Spanish company METROVACESA is one of Spain’s and Europe’s major real estate groups.

Until now, METROVACESA has held a 95% shareholding in the company MEDEA, listed on NYSE C (ISIN FR000006332-MEDE). MEDEA (former UGIGRIP) has no staff and has no operational activity.

ATOUT CAPITAL advised METROVACESA in the transfer of 96.7% of MEDEA’s stock to ARTEA.

ARTEA is a French real estate firm having associated activities in energy and services in the following areas of activity:

  • – Development – through its subsidiary Arteprom,
  • – Property management – through its subsidiary Artecom,
  • – Environment and Renewable Energy – through its subsidiary Artesol

ARTEA purchased a majority block of shares at €0.89 per share. Following this takeover, ARTEA intends transferring real estate activities to MEDEA, during the first half of 2014.

ATOUT CAPITAL (CIF n° E 001758 with the AMF) is a financial services consulting firm providing services to small and medium-sized businesses. It specializes in equity financing operations (IPO, private placements, secondary offerings), M&A (takeover bids, industrial transactions, LBO), debt financing (IBO, bank and private) and insolvency proceedings

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