Alcatel announces sale and lease finalisation
Apr 09, 2003
Alcatel has announced the finalisation at the end of March 2003 of the sale and lease back of its headquarters in Paris, France and the sale of its plant in Hoboken, Belgium. These transactions follow the sale and lease back of its headquarters in Madrid, Spain.Alcatel's headquarters in Paris were sold to KanAm GmbH, a German syndicator of open ended real estate funds with a leaseback period of 12 years. Alcatel's production plant in Hoboken was sold to Scanfil Oyj, a global contract manufacturer and systems supplier for communication and industrial electronics. Alcatel's headquarters in Madrid were sold to Colony Capital group, an American syndicator of real estate funds.Financial terms of these transactions are not disclosed.Source: PCBnewsline
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