Icade SA (FR:ICAD) has released an update.
Don't Miss Our New Year's Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Icade SA has entered into a firm agreement with Groupe Casino to purchase a real estate portfolio for €50 million, consisting of 11 sites with potential for redevelopment. This strategic move aligns with Icade’s ReShapE plan to transform existing spaces into mixed-use neighborhoods, while Groupe Casino aims to use the proceeds to reduce debt and focus on strategic growth. The transaction is expected to close in the first half of 2025, with plans to create approximately 3,500 housing units and over 50,000m² of commercial space.
For further insights into FR:ICAD stock, check out TipRanks’ Stock Analysis page.
