Inmobiliaria Colonial in Société Foncière Lyonnaise sale talks

UBS Investment Bank and SG Corporate and Investment Banking have approached Inmobiliaria Colonial, a Spanish property company, as a possible buyer for Société Foncière Lyonnaise, a French property company.

The two banks were mandated last month by two of SFL's largest shareholders to explore options, including the sale of their combined 39% stake. The 31.5% stake held by Aviva France and the 7.3% stake held by Société Générale are worth €402m ($497m) and €9.6m respectively, based on Thursday's closing share price of €35.80.

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