Altarea Cogedim announces completion of full disposal of Rue du Commerce shares
After obtaining the necessary permits required by law, Altarea Cogedim completed
the 100% disposal of Rue du Commerce shares to Carrefour on January 1st 2016,
as announced on August 24th, 2015.
Rue du Commerce was a growth driver in Altarea Cogedim's digital deployment
strategy and allowed it to develop unique expertise in connected real estate.
Joining Carrefour will allow Rue du Commerce to continue its development.
ABOUT ALTAREA COGEDIM - FR0000033219 - ALTA
Altarea Cogedim is a leading property group. As both a commercial land owner and
developer, it operates in all three classes of property assets: retail,
residential and offices. It has the know-how in each sector required to design,
develop, commercialize and manage made-to-measure property products. With
operations in France, Spain and Italy, Altarea Cogedim manages a shopping center
property portfolio of EUR4.5 billion. Listed in compartment A of NYSE Euronext
Paris, Altarea had a market capitalization of EUR2.3 billion at December 31,
This press release does not constitute an offer to sell or solicitation of an
offer to purchase Altarea shares. For more detailed information concerning
Altarea, please refer to the documents available on our website
This press release may contain declarations in the nature of forecasts. While
the Company believes such declarations are based on reasonable assumptions at
the date of publication of this document, they are by nature subject to risks
and uncertainties which may lead to differences between real figures and those
indicated or inferred from such declarations.