EduBourseActualitésAGF sells its stake in Gecina

AGF sells its stake in Gecina

AGF sold its 22.3% stake in Gecina today to the Spanish property company Metrovacesa, via a block trade. The price of the transaction was €89.75 per share, payable on 30 December 2005.

The total amount of the transaction is €1.240bn and results in a profit of €526mn for AGF. AGF’s stake in Gecina was approximately 78%-held by AGF Vie.

This transaction is part of AGF’s strategy of active portfolio management, and enables the Group to reduce its exposure to the property market by around 1.5% at favourable financial terms.

In addition, it further increases AGF Vie’s financial flexibility. Lastly, as a result of this transaction, the Group will have earned almost all of the capital gains planned in its 2005 programme by the end of the first quarter.

AGF investor contacts: AGF press contacts:
Jean-Michel Mangeot 33 (0)1 44 86 21 25jean-mic[email protected] Bérangère Auguste-Dormeuil 33 (0)1 44 86 78 [email protected]
Vincent Foucart 33 (0)1 44 86 29 28 Agnès Miclo 33 (0)1 44 86 31 62
[email protected] [email protected]
Patrick Lalanne 33 (0)1 44 86 37 64 Séverine David 33 (0)1 44 86 38 09
[email protected] [email protected]
Jean-Yves Icole 33 (0)1 44 86 44 19 Anne-Sandrine Cimatti 33 (0)1 44 86 6745
[email protected] [email protected]
Cautionary Note Regarding Forward-Looking Statements:

Certain of the statements contained herein may be statements of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. In addition to statements which are forward-looking by reason of context, the words ‘may, will, should, expects, plans, intends, anticipates, believes, estimates, predicts, potential, or continue’ and similar expressions identify forward-looking statements. Actual results, performance or events may differ materially from those in such statements due to, without limitation, (i) general economic conditions, including in particular economic conditions in the Allianz Group’s core business and core markets, (ii) performance of financial markets, including emerging markets, (iii) the frequency and severity of insured loss events, (iv) mortality and morbidity levels and trends, (v) persistency levels, (vi) interest rate levels, (vii) currency exchange rates including the Euro-U.S. dollar exchange rate, (viii) changing levels of competition, (ix) changes in laws and regulations, including monetary convergence and the European Monetary Union, (x) changes in the policies of central banks and/or foreign governments, (xi) the impact of acquisitions (e.g. Dresdner Bank), including related integration issues, and (xii) general competitive factors, in each case on a local, regional, national and/or global basis. Many of these factors may be more likely to occur, or more pronounced, as a result of the events on, and following, September 11th 2001.
The matters discussed in this release may also involve risks and uncertainties described from time to time in Allianz AGs filings with the U.S. Securities and Exchange Commission. Allianz AG assumes no obligation to update any forward-looking information contained in this release.

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Pierre Perrin-Monlouis
Pierre Perrin-Monlouis
Fondateur de Rente et Patrimoine (cabinet de gestion de patrimoine), Pierre Perrin-Monlouis est un analyste et trader pour compte propre. Il vous fait profiter de son expérience en trading grâce à ses analyses financières et décrypte pour vous les actualités des marchés. Son approche globale des marchés combine à la fois l'analyse technique et l'analyse fondamentale sur l'ensemble des marchés : crypto, forex, actions et matières premières.