Tour Eiffel: Invest Securities' opinion on the AKA

(CercleFinance.com) - The analyst believes that the capital increase (up to €600m, issue price €5.
15) should enable the property company to implement its strategic plan with confidence, on the basis of a healthy balance sheet.

The price to be paid is high dilution. Our valuations of the share do not show any potential for an increase in value, hence our recommendation not to subscribe for any new shareholders", says Invest Securities.

"Existing shareholders could, however, from a long-term perspective, support this life-saving initiative", adds the research firm.

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