Société de la Tour Eiffel : Paris commercial court rejects MI 29 attack against Société de la Tour Eiffel

(Thomson Reuters ONE) -








Paris commercial court rejects

MI 29 attack against Société de la Tour Eiffel





Confronted by the destabilization tactics of MI 29 against Société de la Tour
Eiffel, the President of the Paris commercial court has dismissed all MI 29
demands stating that ".in deciding to increase the capital participation in such
a way, MI 29 deliberately waived the possibility of negotiating a shareholder's
agreement or a stable investment accord which could have assured representation
[on the Board]".



Furthermore, the President noted that " . nothing justifies MI 29's thesis that
the Board is no longer qualified to manage the company. the initiation of legal
proceedings is not in itself sufficient to warrant such accusations".



Finally, the President added ". it would be paradoxical to accept that it
suffices for a new shareholder holding a quarter of the capital to become
hostile and announce his ambitions then to pretext the ensuing conflict in
justifying a request for a judge to interfere with the normal company management
and to modify the normal schedule of the ordinary general meetings."



MI 29 is condemned to pay Société de la Tour Eiffel 10 000 euros compensation in
relation to costs.



" Société de la Tour Eiffel's management welcomes this ruling which will
facilitate continued execution of our strategic plan in the Company's interest
contrary to the destabilization attempt of MI 29 ", Chief Executive Officer,
Renaud Haberkorn declares.







About Societe de la Tour Eiffel

A listed real estate investment company (SIIC) on NYSE Euronext Paris, the
company pursues a strategy focused on the ownership and the development of

quality offices in Paris and its region capable of attracting a wide range of
tenants in both established and emerging locations. The company's portfolio
stood at over 809 million Euros of assets as at 30 June 2013. Societe de la Tour
Eiffel is listed on NYSE Euronext Paris (compartment B) - ISIN code: 0000036816
- Reuters: TEIF.PA - Bloomberg EIFF.F. Indexes: GIEIF Foncières, IEIF Immobilier
France.







Press contact www.societetoureiffel.com

Jean-Philippe MOCCI

Capmot

Tel :+33 (0)1 71 16 19 13/+33 (0)6 71 91 18 83

jpmocci(at)capmot.com








Société de la Tour Eiffel : judgement:
http://hugin.info/143560/R/1743700/586612.pdf



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Source: Société de la Tour Eiffel via Thomson Reuters ONE
[HUG#1743700]

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Datum: 15.11.2013 - 18:09 Uhr
Sprache: Deutsch
News-ID 317241
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