FdM raises EUR 125m through capital increase

French hospitality REIT Foncière des Murs said it has raised EUR 125 mln through a capital increase launched last month.

Its parent group, Foncière des Régions subscribed nearly half of the 7.7 million newly-issued shares.

Following the transaction, the share capital of Foncière des Murs comprises 64 million shares. The company's largest shareholders are Foncière des Régions with a 28.30% interest, followed by insurance companies Générali Vie (20.56%), ACM Vie (14.31%), Predica (15.02%), and Cardif Assurance (10.20%).