SCOR to Acquire Remaining Shares of MRM

Paris, 27 September 2024: SCOR SE has reached an agreement to acquire Altarea SCA's 15.92% stake in MRM, raising its shareholding to approximately 72.5%. This acquisition triggers the loss of MRM's status as a listed real estate investment company under the French REIT regime.

Following this transaction, MRM's Board of Directors noted Altarea’s resignation from the board. SCOR intends to file a simplified public tender offer to acquire the remaining shares of MRM, potentially followed by a squeeze-out to delist the company by the end of 2024. The offer price is estimated at €35.4 per share, subject to review by the Autorité des marchés financiers.

MRM’s Board welcomed the offer and formed an ad hoc committee to review its financial terms, appointing Ledouble as an independent expert. MRM, a listed real estate investment company, has been under SCOR's majority ownership since 2013.