Mercialys
 | |
| Company type | Société anonyme |
|---|---|
| Euronext: MERY CAC Mid 60 Component | |
| Industry | Real estate investment Real estate management |
| Founded | 2005 |
| Headquarters | , France[1] |
Area served | France |
Key people | Éric Le Gentil (Chairman and CEO) |
 €91.6 million (2016)[2] | |
| €114.19 million (2016)[2] | |
| Total assets | €2.41 billion (2016)[2] |
| Total equity |  €737.9 million (2016)[2] |
Number of employees | 122 |
| Website | Mercialys.fr |
Mercialys is a French company that operates in real estate, owning and managing properties.[1][3] It was created by the retailer company Casino Group in 2005.[4]
History
In the late 1990s, the food retailer company Casino Group delegated the management of their retailer properties in a new subsidiary, Groupe Casino Immobilière.[4] In 2005, it was turned into a company with independent operations, which would go public itself, called Mercialys, although Groupe Casino retained a majority stake and therefore its control.[5] Mercialys was listed on the Paris Bourse on November 1, 2005.[6] The new company opted for the SIIC legal tax status for real estate investment trusts.[7]
Activities
Mercialys leases its properties (mostly shopping malls, self-service restaurants and other vendor locations) to retailer companies so that these exploit it.[1][3] The fact Mercialys maintains retail property assets in the long run, renovating and renting them, with limited exposure to development activities, gives it an advantage and a lower risk for investors.[8] It manages more than 120 properties, with a gross leasable area of about 714,500 m2.[9] The Mercialys' subsidiaries include Mercialys Gestion, Timur SCI, Point Confort and La Diane, among others.[3]
On March 4, 2012, Mercialys issued a bond to seven years, raising 650 million.[5] Also, it took debt from five banks to finance a 1.25 billion euros exceptional distribution for shareholders. It was supposed that these operations were carried out to fund Casino Group projects in Brazil.[10]
Ownership
As of January 31 of 2020, the company reported the following composition in the ownership of shares:
- 61.28% Public
- 25.16% Casino Group
- 8.01% Generali Group
- 5.00% Crédit Agricole corporate and Investment Bank
- 0.38% Treasury shares
- 0.18% Foncière Euris
On February 9, 2012, Casino confirmed its intention of reducing participation in Mercialys to 30 or 40 percent with the aim of obtain by 800 million euros.[11] On 4 May 2012, it announced the selling of a 9.8 percent to Crédit Agricole Corporate and Investment Bank, a subsidiary of Crédit Agricole, receiving 138 million euros and thus reducing its stake to 40.2 percent.[12]
References
- ^ a b c "Company Description: Mercialys". businessweek.com. BusinessWeek. Retrieved 13 August 2012.[dead link]
- ^ a b c d "2016 Registration Document" (PDF). Mercialys. Retrieved 2 June 2017.
- ^ a b c "Company Profile: Mercialys". reuters.com. Reuters. Retrieved 13 August 2012.
- ^ a b "Background". Mercialys. Archived from the original on 8 June 2012. Retrieved 13 August 2012.
- ^ a b "Mercialys raises EUR 650m in first bond issue". PropertyEu.com. 13 March 2012. Archived from the original on 12 July 2012. Retrieved 13 August 2012.
- ^ "CASINO GUICHARD : At the Occasion of the Launch by Mercialys of a New Strategy, Casino Significantly Strengthens Its Financial Flexibility". 4Traders.com. 2 September 2012. Retrieved 13 August 2012.
- ^ "Profile: Mercialys". bloomberg.com. Bloomberg. Retrieved 13 August 2012.
- ^ "TEXT-S&P summary: Mercialys". reuters.com. Reuters. 16 July 2012. Retrieved 13 August 2012.
- ^ "Profile: Mercialys S.A." finance.yahoo.com. Yahoo! Finance. 16 July 2012. Retrieved 13 August 2012.
- ^ "French Mercialys payout said financing Casino in Brazil". PIE-Mag.com. 23 March 2012. Retrieved 13 August 2012.
- ^ "Casino To Reduce Stake In French Real Estate Company Mercialys". online.wsj.com. The Wall Street Journal. 9 February 2012. Retrieved 13 August 2012.
- ^ "Casino Sells 9.8% Of Mercialys, Receives EUR138 Million In Cash". Euroinvestor.com. 4 May 2012. Retrieved 13 August 2012.