FIMALAC
Paris : FIM

June 29, 2011 16:16 ET

FIMALAC acquires 10% of SFCMC

PARIS, FRANCE--(Marketwire - Jun 29, 2011) -



Strengthening its ties with the Desseigne-Barrière family, Fimalac today acquired 10% of the capital of Société Fermière du Casino Municipal de Cannes (SFCMC) through its Fimalac Développement subsidiary, for a total amount of EUR35 million.


Listed on the NYSE Euronext Paris stock exchange compartment B) and controlled by the Desseigne-Barrière family, SFCMC owns and operates two prestigious hotels in Cannes - the Majestic Barrière and the Hôtel Gray d'Albion. It also operates the Casino Barrière Croisette and the Casino Barrière Les Princes, which offer a comprehensive range of games, leisure activities and entertainment to a broad array of local, national and international guests.

Since March 2011, Fimalac Développement has held a 40% stake in Groupe Lucien Barrière, which is 60%-owned by the Desseigne-Barrière family.

Paris - 29 June 2011




SFCMC: http://hugin.info/143461/R/1526968/462647.pdf




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Source: FIMALAC via Thomson Reuters ONE

[HUG#1526968]

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