18Jul06

Press release

Group

SCOR groups its property investments within a single property company

The SCOR group has placed its property investments within a single property company, SCOR-AUBER, a limited liability subsidiary 100% owned by SCOR S.A.

The SCOR group has placed its property investments within a single property company, SCOR-AUBER, a limited liability subsidiary 100% owned by SCOR S.A.
 
Announced in the New SCOR plan on 10 June 2005, this grouping of all of SCOR’s buildings will facilitate a more dynamic management of these investments, along with simplified legal structures regarding the Group’s asset management and reduced investment management costs.
 
SCOR-AUBER’s assets today consist of 16 corporate buildings in the Ile de France region, with a market value of EUR 330 million, representing 3.4% of SCOR’s investments as at 31/03/2006.
 
Patrick Thourot, SCOR group Chief Operating Officer, has been appointed Chairman and Chief Executive Officer of SCOR-AUBER.
 
Jean Guitton, SCOR group Real Estate Director, has been appointed Chief Operating Officer of SCOR-AUBER.

Contact

Marie-Laurence Bouchon

Group Head of Communications

+33 (0)1 58 44 75 43

mbouchon@scor.com

 

Ian Kelly

Head of Investor Relations

+44 203 207 8561

ikelly@scor.com