France: Icade signs solidarity based funding

Olivier Wigniolle, chief executive, Icade

French property group Icade has signed a five-year €150m (US$168.7m) solidarity-based revolving credit line with Crédit Agricole CIB and Crédit Agricole d’Ile-de-France. The facility includes a mechanism by which both banks waive part of their remuneration. These funds will be matched by Icade and will be allocated to research on Covid-19 vaccines carried out by…

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