Societe Fermiere du Casino Municipal de Cannes SA (FR:FCMC) has released an update.
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Société Fermière du Casino Municipal de Cannes has successfully completed the acquisition of CG Capital through its subsidiary, enabling it to own the prestigious Hôtel Barrière Le Carl Gustaf Saint-Barthélemy. The deal, valued at €36 million, sees the company taking on assets with a net paid price of €20 million after debt deductions. This strategic move aims to enhance the value of their recent investments in these properties.
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