Paris-listed property company Gecina said on Thursday that its board will carry out a detailed examination of the ruling by French financial regulator AMF that a share buyback programme cannot go ahead. Buying back and cancelling almost 14 million shares was to be part of the process of demerging Gecina from Spanish real estate group Metrovacesa.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
