Aedifica acquires Cofinimmo, forming Europe's largest REIT

reuters.com [$]

Belgian healthcare real estate companies Aedifica and Cofinimmo have agreed to merge, creating Europe's largest real estate investment trust. The combined entity will have a gross asset value of 12.1 billion euros. The merger will result in operational synergies of approximately 16 million euros, benefiting shareholders. Aedifica is offering 1.185 new shares for each Cofinimmo share, with the boards of both companies supporting the deal. The new group will retain its primary listing on Euronext Brussels and be included in Belgium's blue chip index. The exchange offer is expected to open around September 1.


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