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Gecina concludes Simco takeover

Gecina oficially became the majority stakeholder in Simco yesterday, following a share exchange takeover launched in September at a price of ¬86 a share. Simco’s president, Michael Pariat, is retiring; managing director Jean-Paul Sorand will assume Pariat’s responsibilities.

 

Les Echos, 5 December 2002, p19

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