AIM-listed property investor European Convergance Development Company (ECDC) plans to to update its company registration to allow it to return capital to shareholders and buy back its shares. The company, which is managed UK-based investment manager Charlemagne Capital, said it plans to re-register as a company governed by the latest Isle of Man Companies Act.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
