France – Gvt Public Takeover of Companies

France – Gvt Public Takeover of Companies

On 23 April 2022, FR GVT issued order approving public equity investments.

  • FR GVT issued order approving acquisition of shares in 2 companies by The Paris Mint.
  • Also order of 12 April 2022 approving an endowment of €10mn for Monnaie de Paris.

Equity Investment

  • Order of 13 April 2022 approved equity investments by public institution la Monnaie de Paris (The Paris Mint) in Monnaie de Paris Gestion Immobilière and SCI Voie Romaine.
  • 50,000 shares at €1 each, 100% capital of Monnaie de Paris Gestion Immobilière.
  • Acquisition of a stake in capital of SCI Voie Romaine by means of €10,000,000 cash; and contribution in kind of immovable located in Pessac in the amount of €1,815,000.