Mercialys

Last updated
Mercialys SA
Company type Société anonyme
Euronext:  MERY
CAC Mid 60 Component
Industry Real estate investment
Real estate management
Founded2005 (2005)
Headquarters
Paris
,
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

<span class="mw-page-title-main">Crédit Agricole</span> French financial services company

Crédit Agricole Group, sometimes called La banque verte, is a French international banking group and the world's largest cooperative financial institution. It is the second largest bank in France, after BNP Paribas, as well as the third largest in Europe and tenth largest in the world. It consists of a network of Crédit Agricole local banks, 39 Agricole regional banks and a central institute, the Crédit Agricole S.A.. It is listed through Crédit Agricole S.A., as 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 to be a systemically important bank by the Financial Stability Board.

<span class="mw-page-title-main">Eurobank Ergasias</span> Third largest bank in Greece

Eurobank is a financial organisation that operates in Greece, Cyprus, Luxembourg, Bulgaria and the UK. As of December 2018, the Eurobank Group counts, €58 billion in assets, 653 customer service locations in Greece and abroad, and 13,162 employees.

DigitalBridge Group, Inc. is a global digital infrastructure investment firm. The company owns, invests in and operates businesses such as cell towers, data centers, fiber, small cells, and edge infrastructure. Headquartered in Boca Raton, DigitalBridge has key offices in Los Angeles, New York, London, and Singapore.

<span class="mw-page-title-main">L'Occitane en Provence</span> French multinational cosmetics retailer

L'Occitane en Provence, "the Occitan woman ," commonly known as L'Occitane, is a French luxury retailer of body, face, hair, fragrances, and home products based in Manosque, France. It was founded in 1976 by Olivier Baussan, with the purpose to create a company that celebrates and preserves the traditions of his native Provence. In 2010, the company became listed on the Hong Kong Stock Exchange. In 2024, controlling shareholder Reinold Geiger offered to take the company private.

<span class="mw-page-title-main">Groupe Caisse d'Épargne</span> Former French cooperative banking group

Groupe Caisse d'épargne was a group of French savings banks that were converted into cooperative banks by legislation enacted in 1999. Its roots went back to the founding in 1818 of the Caisse d'Épargne et de Prévoyance de Paris, initiated by Benjamin Delessert and the Duke of La Rochefoucauld-Liancourt.

<span class="mw-page-title-main">CLSA</span> Capital markets and investment group

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.

<span class="mw-page-title-main">Société Générale</span> French multinational banking and financial services company

Société Générale S.A., colloquially known in English speaking countries as SocGen, is a French-based multinational financial services company founded in 1864, registered in downtown Paris and headquartered nearby in La Défense.

<span class="mw-page-title-main">CITIC Securities</span> Chinese securities brokerage

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. By mid-2020, it was among China's four largest securities firms, together with Guotai Junan Securities, GF Securities, and Haitong Securities.

<span class="mw-page-title-main">Amundi</span> French asset management firm

Amundi is a French asset management company. With €2 trillion of assets under management (AUM) at the end of 2021, it is the largest asset manager in Europe and one of the 10 biggest investment managers in the world.

<span class="mw-page-title-main">Groupe BPCE</span> French banking group

Groupe BPCE is a major French banking group formed by the 2009 merger of two major retail banking groups, Groupe Caisse d'Épargne and Groupe Banque Populaire. As of 2021, it was France's fourth largest bank, the seventh largest in Europe, and the nineteenth in the world by total assets. It has more than 8,200 branches nationwide under their respective brand names serving nearly 150 million customers. Its wholesale banking subsidiary Natixis, previously a separately listed company, was delisted and came under full ownership of Groupe BPCE in 2021.

<span class="mw-page-title-main">Crédit Mutuel</span> French cooperative bank

Crédit Mutuel is a French cooperative banking group, one of the country's top five banks with over 30 million customers. It traces its origins back to the German cooperative movement inspired by Friedrich Wilhelm Raiffeisen in Alsace–Lorraine under German rule, in the 1880s. Crédit Mutuel was a member of the International Raiffeisen Union (IRU).

<span class="mw-page-title-main">Crédit Agricole Italia</span>

Crédit Agricole Italia S.p.A., formerly Crédit Agricole Cariparma S.p.A., is an Italian banking group, a subsidiary of French banking group Crédit Agricole. Crédit Agricole Italia was ranked as the 11th largest bank in Italy by total assets at 31 December 2015. The group serving Emilia-Romagna, Liguria and Friuli-Venezia Giulia, where the predecessors originated, as well as Campania, Lazio, Lombardy, Piedmont, Tuscany, Umbria and Veneto, or half of Italian regions.

<span class="mw-page-title-main">Nexity</span> French real estate services company

Nexity is a French company that focuses on real estate development and the provision of related services. The company was founded in 2000 in Paris by Stéphane Richard and Alain Dinin.

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.

Britam Holding PLC is a leading diversified financial services group and is listed on the Nairobi Securities Exchange. The group has presence in seven Africa countries in Kenya, Uganda, Tanzania, Rwanda, South Sudan, Mozambique and Malawi.

Signa Holding GmbH is Austria's largest privately owned real estate company. Signa Holding GmbH announced insolvency proceedings at the end of November 2023. The company will apply for self-administration restructuring proceedings at the Commercial Court of Vienna.

Cnova N.V. is an e-commerce company, founded in June 2014. Cnova includes Cdiscount and Cnova Brazil. Cnova N.V. is part of Groupe Casino, a French global retail company of which Mr. Jean-Charles Naouri is currently the chairman and CEO. Since November 2015, Peter Paul Estermann is the chairman of the board of Cnova N.V.

<span class="mw-page-title-main">Worldline SA</span> French financial services company

Worldline SA is a French fintech founded in 1972 and the world’s number 4 payments leader.

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

<span class="mw-page-title-main">Régis Schultz</span> French businessman (born 1968)

Régis Schultz is a French businessman, currently the CEO of JD Sports. During his career, Régis Schultz held the positions of President of Retail at Al-Futtaim Group, 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.[ dead link ]
  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.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.