Radar > 224280

Merlin Properties considers investment in Testa and other acquisitions

Merlin Properties analiza la entrada en Testa y otras adquisiciones

Intel ID : 224280
Synopsis

Spain-based Merlin Properties announced it is studying possible investments worth EUR 1.95bn. From this total, EUR 170m will be for EUR 170m deals on an exclusive basis or on due diligence phase, while the rest will be for deals under analysis.

One of these transactions, for which the company has submitted a non-binding proposal, is the acquisition of a stake in Testa, real estate company controlled by Sacyr.
(content in spanish)

La compañía española Merlin Properties ha anunciado que está estudiando potenciales inversiones por importe de EUR 1.950m. De este importe total, aproximadamente EUR 170m corresponde a operaciones analizadas en régimen de exclusividad o en fase de due diligence, mientras que el resto corresponde a operaciones en fase de análisis.

Una de las operaciones, para la que ya se ha presentado una propuesta no vinculante, es la entrada en el accionariado de Testa, empresa inmobiliaria controlada por Sacyr.

Relevant Documents

Target

Seller


Intel ID 224280
Value ND
Native Currency Euro (EUR)
Financial Data - Testa
(31 Dec 2015)
Revenue: EUR 185,29m
EBITDA: EUR 136,40m
Net Debt: EUR 3.748,01m
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Bidder

Name
verified
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

Target

Name
verified
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

Seller

Name
verified
Subsector (Old TTR Sectors)
Real Estate and Construction / Construction (Materials and Machinery) (Primary)
Services and Distribution / Water and Sanitation
Infrastructure / Roads and Highways
Primary Sector (TTRSC)
35.03.03 Construction & Engineering (Non Residential)
35 Industrials / 35.03 Construction & Engineering

Secondary Sectors (TTRSC)
20.05.01 Sewage Treatment
20 Energy & Utilities / 20.05 Water Services

20.05.02 Water Utilities
20 Energy & Utilities / 20.05 Water Services

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

Country
Website
Description

Radar

Date Title Type Intel Grade Country Subsector  

Mergers & Acquisitions

Date Target Country Buyer Seller VALUE (EURm) Subsector    
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Equity Capital Markets

Date Issuer/Buyer Type Country 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.