Icade hospitality arm executes EUR 250m capital hike

Icade Santé, a subsidiary of Paris-listed Icade specialised in investment in healthcare real estate, is increasing its share capital by EUR 250 mln with a reserved capital increase to three institutional investors led primarily by Crédit Agricole Assurances and BNP Paribas Cardif. Both insurers have invested their share of the funds through their own OPCI vehicles approved to this end.

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