French SIIC Icade said it has completed the purchase of the 94.5% stake in Compagnie La Lucette from Morgan Stanley's MSREF vehicle. The operation, which was first announced in December, envisaged the exchange of two Icade shares and EUR 32.5 in cash for 21 Lucette shares. As a result of the transaction, the US financial institution has become the second largest shareholder in Icade after Caisse des dépôts et consignations, holding a 4.5% stake.
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