Radar > 240406

IPIC may acquire Torre Foster

IPIC podría comprar la Torre Foster

Intel ID : 240406
Synopsis

IPIC - International Petroleum Investment Company, an investment vehicle controlled by Abu Dhabi's sovereign fund, may exercise its right to acquire Torre Foster, also known as Torre Cepsa, owned by Spain-based Bankia (BME:BKIA), reported Expansión on 9 September 2016, citing sources familiar with the transaction.

IPIC may intend to sell the building to Pontegadea, a Spain-based real estate company owned by Amancio Ortega, which offered EUR 490m.
(content in spanish)

IPIC - International Petroleum Investment Company, vehículo inversor del fondo soberano de Abu Dabi, podría ejecutar la opción de compra sobre la Torre Foster, también conocida como Torre Cepsa, propiedad de la entidad española Bankia (BME: BKIA), según ha informado Expansión el 9 de septiembre de 2016, basándose en fuentes cercanas a la operación.

La intención de IPIC sería vender luego el inmueble a Pontegadea, inmobiliaria española propiedad de Amancio Ortega, que habría ofrecido EUR 490m.

Bidder

United Arab Emirates

Target

Seller


Intel ID 240406
Value ND
Native Currency Euro (EUR)
Financial Data - Torre Foster
(31 Dec 2022)
Revenue: -
EBITDA: -
Net Debt: -
People: 23
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Bidder

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Country
Website
Description

Target

Name
potential
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
Description

Seller

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.99 Other Banking & Investment
25 Financial Services / 25.01 Banking & Investment

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.