EMEIS reaches historic agreement with Mr. Tribuno

On August 1, 2024, in Puteaux, the company EMEIS announced the signing of an agreement ending its business relations with Mr. Tribuno, established since the 2000s. This agreement also includes the relations between EMEIS and Luxembourg companies Lipany SA and Rodevita SA, owned by Mr Tribuno, which own real estate assets in Italy, mainly retirement homes.

Following this agreement, EMEIS acquired 100% of the shares of 17 companies based in Italy, Luxembourg and Germany. This acquisition includes 15 buildings, including 11 retirement homes in Italy and 4 in Germany. In addition, EMEIS will take over the operation of 7 retirement homes in Italy, as well as a clinic.

The total value of the assets sold is estimated at around 110 million euros. The financial debt of the companies taken over is estimated at 130 million euros, including 100 million guaranteed by the parent company of the EMEIS Group. No additional adjustments are planned as part of this operation.

The scope of the assets taken over will be integrated into the accounts of the EMEIS Group in the second half of 2024.