Radar > 244206

Acciona and Merlin Properties could merge subsidiaries

Acciona y Merlin Properties podrían fusionar filiales

Intel ID : 244206
Synopsis

Acciona (BME:ANA), a Spain-based company engaged in the development, production, and management of renewable energy, water and infrastructure, and Merlin Properties (BME:MRL), a Madrid, Spain-based real estate group, would be seeking to merge flat rental subsidiaries, reported Europa Press on 10 January 2017, citing sources familiar with the matter.

Specifically, the companies could merge their respective affiliates of housing for rent, Testa Residencial and Acciona Real Estate, in a deal estimated to be worth around EUR 350m.

The integration would turn Testa Residencial into the greatest real estate company of rental flats in the country. One of the company's medium-term goals is the launch of an IPO.
(content in spanish)

Acciona (BME: ANA), empresa española de promoción, producción y gestión de energías renovables, agua e infraestructuras, y Merlin Properties (BME:MRL), empresa inmobiliaria con sede en Madrid, estarían buscando fusionar sus filiales de alquiler de pisos, según ha infoirmado Europa Press el 10 de enero de 2017, citando fuentes cercanas al asunto.

En concreto, las compañías podrían fusionar sus respectivas filiales de vivienda en alquiler, Testa Residencial y Acciona Real Estate, en una operación estimada en unos EUR 350m.

La integración consolidaría a Testa Residencial como la mayor inmobiliaria de pisos en renta del país, que tiene como uno de sus objetivos de medio plazo su eventual salida a Bolsa.

Intel ID 244206
Value ND
Native Currency Euro (EUR)
Financial Data - Merlin Properties
(31 Dec 2023)
Revenue: -
EBITDA: -
Net Debt: -
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Bidder

Name
potential
Subsector (Old TTR Sectors)
Energy and Renewable Energies / Solar (Primary)
Infrastructure / Bridges
Infrastructure / Roads and Highways
Primary Sector (TTRSC)
20.04.08 Solar Power
20 Energy & Utilities / 20.04 Renewable Energy

Secondary Sectors (TTRSC)
25.04.03 Holding Companies / Financial Holding Companies
25 Financial Services / 25.04 Other Financial Services

35.09.05 Toll Bridges, Roads & Highways
35 Industrials / 35.09 Transport Infrastructure

Country
Website
Description

Bidder

Name
potential
Subsector (Old TTR Sectors)
Real Estate and Construction / Real Estate (Primary)
Primary Sector (TTRSC)
25.03.02 Real Estate Investment Trusts (REITs)
25 Financial Services / 25.03 Real Estate

Country
Website
Description

Mergers & Acquisitions

Date Target Country Buyer Seller VALUE (EURm) Subsector    
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Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.