PARIS, April 10, 2014 (GLOBE NEWSWIRE) -- Société de la Tour Eiffel acknowledges the ruling of the Paris Court of Appeal which has dismissed the application filed by MI29 to suspend the SMABTP tender offer.
SMABTP is, now, in a position to increase its offer as announced on 2 April 2014. The Société de la Tour Eiffel's Board of Directors, which had expressed in its reasoned opinion its wish for improved financial terms of the offer, will convene again to give its recommendation regarding the revised offer once it has been filed.
About Société de la Tour Eiffel
A listed real estate investment company (SIIC) on NYSE Euronext Paris, the company pursues a strategy focused on investing in areas with high potential and the provision of new buildings leased to quality covenants. At 31 December 2013 its portfolio stood at € 701 million of assets located primarily in the Paris region.
The shares of Société de la Tour Eiffel are listed on NYSE Euronext Paris (Eurolist B) - ISIN Code: FR 0000036816 - Reuters: TEIF.PA - Bloomberg: EIFF.FP - Indexes: IEIF Foncières, IEIF Immobilier France
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Société de la Tour Eiffel: ruling of the Paris Court of Appeal http://hugin.info/143560/R/1776571/606151.pdf