NorthStar Realty Europe Completes Merger with AXA Investment Managers – Real Assets

NEW YORK--(BUSINESS WIRE)--NorthStar Realty Europe Corp. (NYSE: NRE) (“NRE”) today announced the completion of the previously announced acquisition of NRE by AXA Investment Managers – Real Assets (“AXA IM – Real Assets”), acting as manager of one of its funds, through a merger (the “merger”) of NRE with and into a wholly-owned subsidiary of such fund. The merger was approved at a special meeting of NRE stockholders held on September 25, 2019. Each share of NRE common stock outstanding as of the merger was cancelled and converted automatically into the right to receive an amount in cash equal to the sum of $1.68 plus the U.S. dollar equivalent of €9.26 plus the U.S. dollar equivalent of £3.82.