Mercialys

Last updated
Mercialys SA
Type Société anonyme
Euronext:  MERY
CAC Mid 60 Component
Industry Real estate investment
Real estate management
Founded2005 (2005)
Headquarters,
France [1]
Area served
France
Key people
Éric Le Gentil
(Chairman and CEO)
Decrease2.svg €91.6 million (2016) [2]
Decrease2.svg €114.19 million (2016) [2]
Total assets Decrease2.svg €2.41 billion (2016) [2]
Total equity Increase2.svg €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]

Contents

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

La Caserne de Bonne, one of the shopping malls leased by Mercialys. La Caserne De Bonne - Grenoble.jpg
La Caserne de Bonne, one of the shopping malls leased by Mercialys.

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:

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]

Related Research Articles

ING Group Dutch multinational banking and financial services corporation

The ING Group is a Dutch multinational banking and financial services corporation headquartered in Amsterdam. Its primary businesses are retail banking, direct banking, commercial banking, investment banking, wholesale banking, private banking, asset management, and insurance services. With total assets of US$1.1 trillion, it is one of the biggest banks in the world, and consistently ranks among the top 30 largest banks globally. It is among the top ten in the list of largest European companies by revenue.

Crédit Agricole French financial services company

Crédit Agricole Group, sometimes called "la banque verte" due to its historical ties to farming, is the world's largest cooperative financial institution. It consists of a network of Crédit Agricole local banks, the 39 Crédit Agricole regional banks, and a central institute, the Crédit Agricole S.A.. In 1990, it became an international full-service banking group. It is listed through Crédit Agricole S.A., an intermediate holding company, on Euronext Paris' first market and is part of the CAC 40 stock market index. Local banks of the group owned the regional banks, in turn the regional banks majority owned the S.A. via a holding company, in turn the S.A. owned part of the subsidiaries of the group, such as LCL, the Italian network and the CIB unit. It is considered a systemically important bank by the Financial Stability Board.

Piraeus Bank

Piraeus Bank, is a Greek multinational financial services company with its headquarters in Athens, Greece. Piraeus Bank's stocks are listed on the Athens Stock Exchange (ATHEX) since January 1918.

The Blackstone Group American asset management company

The Blackstone Group Inc. is an American alternative investment management company based in New York City. In 2019, Blackstone converted from a publicly traded partnership into a corporation.

Playtech plc is a gambling software development company founded in 1999. The company provides software for online casinos, online poker rooms, online bingo games, online sports betting, scratch games, mobile gaming, live dealer games and fixed-odds arcade games online. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

Big C

Big C, is a grocery and general merchandising retailer headquartered in Bangkok, Thailand. Big C is as of 2016 Thailand's second-largest hypermarket operator after Tesco Lotus's Thai unit. It has operations in four countries, namely Thailand, Vietnam, Laos and Cambodia.

CLSA

CLSA Ltd. is a capital markets and investment group focused on alternative investment, asset management, corporate finance and capital markets, securities and wealth management for corporate and institutional clients around the world.

Apollo Global Management American private equity firm

Apollo Global Management, Inc., is a global alternative investment manager firm. It was founded in 1990 by Leon Black, Josh Harris, and Marc Rowan. Apollo is headquartered in New York City, with offices across North America, Europe and Asia. The company's stock is publicly traded on the NYSE under the symbol 'APO'.

CITIC Securities Co., Ltd. is a Chinese full-service investment bank. It offers services in underwriting, research, brokerage, asset management, wealth management, and investment advisory. CITIC Securities was established in 1995 and it is headquartered in Shenzhen, Guangdong Province.

ORCO

Orco Property Group S.A. is a real estate development company founded by Jean-François Ott based in Luxembourg. It is a subsidiary of CPI Property Group.

Amundi

Amundi is a French asset management company. With €1.729 trillion of assets under management (AUM) at the end of 2020, it is, after Allianz, the largest asset manager in Europe and one of the 10 biggest investment managers by AUM in the world.

Grohe

Grohe is a German sanitary fittings manufacturer with its registered office in Hemer and headquarters in Düsseldorf. Since 2014, Grohe has been part of the Japanese Lixil Group. The company generated consolidated sales revenues of EUR 1.35 billion in 2017. Grohe employs about 6,000 people worldwide.

Belfius Bank and Insurance, known as Dexia Bank Belgium up until 1 March 2012, is a for-profit PLC founded to meet local authority needs. Belfius emerged from the dismantling of the Dexia group, of which it was part until 10 October 2011, when it was purchased by the Belgian State for 4 billion euros. The company's headquarters are in Brussels.

Altarea SCA

Altarea SCA, trading as Altarea Cogedim, is a French company dedicated to the development and investment in real estate, especially shopping centers. Its headquarters are located in France, with subsidiaries in Spain and Italy. It was founded in 1994.

Burelle is a French holding company headquartered in Paris. Its most important subsidiary is Plastic Omnium.

Nexity

Nexity is a French company that focuses on real estate development and the provision of related services.

AG Real Estate is a wholly owned subsidiary of AG Insurance (Ageas) and the largest real estate group in Belgium, headquartered in Brussels. AG Real Estate has a portfolio under management of over €6 billion that incorporates office buildings, shopping malls, logistics properties, residential properties and shares in real estate investment funds, both listed and unlisted.

Signa Holding GmbH is Austria’s largest privately owned real estate company. Signa was founded in 2000 by the Tyrolean entrepreneur René Benko. Over the years, the two-man company with an initial focus on classic real estate development has become a pan-European real estate group with more than 150 employees and offices in Vienna, Innsbruck, Munich, Düsseldorf, Luxembourg, Zurich, Bolzano, Berlin and Hamburg. The principal focus of the Signa Group of Companies is the long-term investment in real estate in prime city centre locations. Additionally Signa became the biggest owner of malls in Mid Europe with over 46.000 employees.

Banca Leonardo S.p.A. is a private and independent investment bank.

Régis Schultz

Régis Schultz, is a French businessman, currently the President of Retail at Al-Futtaim Group. During his career, Régis Schultz held the positions of CEO of French retail chain Monoprix and member of the executive committee of Groupe Casino, CEO of Darty, CEO of French retailer BUT and top executive of Kingfisher PLC.

References

  1. 1 2 3 "Company Description: Mercialys". businessweek.com. BusinessWeek . Retrieved 13 August 2012.
  2. 1 2 3 4 "2016 Registration Document" (PDF). Mercialys. Retrieved 2 June 2017.
  3. 1 2 3 "Company Profile: Mercialys". reuters.com. Reuters . Retrieved 13 August 2012.
  4. 1 2 "Background". Mercialys. Archived from the original on 8 June 2012. Retrieved 13 August 2012.
  5. 1 2 "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.
  6. "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.
  7. "Profile: Mercialys". bloomberg.com. Bloomberg . Retrieved 13 August 2012.
  8. "TEXT-S&P summary: Mercialys". reuters.com. Reuters. 16 July 2012. Retrieved 13 August 2012.
  9. "Profile: Mercialys S.A." finance.yahoo.com. Yahoo! Finance. 16 July 2012. Retrieved 13 August 2012.
  10. "French Mercialys payout said financing Casino in Brazil". PIE-Mag.com. 23 March 2012. Retrieved 13 August 2012.
  11. "Casino To Reduce Stake In French Real Estate Company Mercialys". online.wsj.com. The Wall Street Journal. 9 February 2012. Retrieved 13 August 2012.
  12. "Casino Sells 9.8% Of Mercialys, Receives EUR138 Million In Cash". Euroinvestor.com. 4 May 2012. Retrieved 13 August 2012.