Belgian real estate company Cofinimmo has announced it is to launch a EUR 120 mln bid for Immo Croissance, a Luxembourg company that has a EUR 160 mln office property portfolio in Luxembourg, Belgium and Germany. The net asset value of Immo Croissance at 31 December 2006 amounted to EUR 110 mln. Confinimmo has offered EUR 270.3 per distribution (dividend-paying) share and EUR 760.5 per capitalisation share. The offer period will likely run from mid-June to mid-July.
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