n accordance with the Separation Agreement signed on February 19th, 2007 between METROVACESA’s main shareholders, Société des Immeubles de France and its subsidiaries will be transferring nine properties with a total value of 582 million euros (based on independent valuations at June 30th, 2007) over to MEDEA. In return for these transfers, Société des Immeubles de France and its subsidiaries will receive 85 million MEDEA shares, representing 29.8% of this company's capital once all the transfers have been carried out by the GECINA Group companies.
MEDEA is listed on the Paris stock exchange and controlled by the Sanahuja family, METROVACESA’s reference shareholder.
