Radar > 220482

Hispania considers possibly launching a takeover offer to acquire Realia

Hispania está estudiando la posibilidad de lanzar una OPA por Realia

Intel ID : 220482
Synopsis

Hispania Activos Inmobiliarios, held by Azora, is studying the possibility of launching a Public Takeover Offer to acquire real estate comapny Realia, for approximately EUR 0.49 per share. For the moment, there is no agreement between Hispania and Realia.

The Takeover is subject to acceptance by 55% of Realia's shareholders, and the acceptance by Hispania's board of shareholders of certain restrictions and limitations to the investment.
(content in spanish)

La empresa Hispania Activos Inmobiliarios, gestionada por Azora, está estudiando la posibilidad de realizar una Oferta Pública de Adquisición (OPA) por la inmobiliaria Realia a un precio que podría rondar los EUR 0,49 por acción. Por el momento no se ha alcanzado ningún acuerdo o pacto entre Hispania y Realia.

La OPA estaría condicionada a la aceptación de al menos el 55% del capital social de Realia, y a la aceptación por parte de la Junta General de Accionistas de Hispania de determinadas restricciones y limitaciones a la inversión.

Relevant Documents

Bidder

Ultimate Owner (Buyer)

Target


Intel ID 220482
Value ND
Native Currency Euro (EUR)
Financial Data - Realia
(31 Dec 2020)
Revenue: EUR 103,00m
EBITDA: EUR 37,66m
Net Debt: EUR 506,06m
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Bidder

Name
Subsector (Old TTR Sectors)
Real Estate and Construction / Real Estate (Primary)
Primary Sector (TTRSC)
25.03.03 Real Estate Services
25 Financial Services / 25.03 Real Estate

Country
Website
Description

Target

Name
Subsector (Old TTR Sectors)
Real Estate and Construction / Real Estate (Primary)
Primary Sector (TTRSC)
25.03.03 Real Estate Services
25 Financial Services / 25.03 Real Estate

Country
Website
Description

Ultimate Owner (Buyer)

Name
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.01 Asset Management
25 Financial Services / 25.01 Banking & Investment

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

Country
Website
Description

Radar

Date Title Type Intel Grade Country Subsector  
-
-
-
-
-
-
-
-
-
-
-
-

Mergers & Acquisitions

Date Target Country Buyer Seller VALUE (EURm) Subsector    

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.