Metrovacesa shoots up more than 16% on the stock market after launching a takeover bid for 24% of its capital by FCC

Metrovacesa's shares soared more than 16% on the stock market after launching FCC Inmobiliaria, an FCC group company, a partial voluntary takeover bid (OPA) for 24% of its share capital for an amount of

Specifically, the offer is made on a maximum of 36,402,322 Metrovacesa shares at a rate of 7.8 euros per share in cash, which represents a premium of more than 20% compared to the 6.49 euros at which it closed yesterday the real estate.

In the first bars of this Wednesday's session, around 9:15 a.m., Metrovacesa's shares soared 16.18%, until trading at a price of 7.54 euros.

The decision to make said offer has been adopted by agreement of the board of directors of FCC Inmobiliaria, after taking notice and stating that it is consistent with the interest and strategy of the FCC Group.

Specifically, FCC Inmobiliaria and its controlling partner, Control Empresarial de Capitales (CEC), will be able to achieve a maximum stake of 29.4087% of Metrovacesa's share capital through the operation (including the 5.4087% that it already owns ).

FCC Inmobiliaria has assured that it has committed

to meet the total consideration of the offer, which is formulated as a sale.

In fact, compliance with the offeror's obligations resulting from the offer will be ensured by a bank guarantee in accordance with the provisions of article 15 of the Royal Decree on OPAs.

FCC Inmobiliaria will submit to the CNMV the request for authorization of the offer, together with the prospectus and other documents that must be provided, "as soon as possible" and, in any case, within a maximum period of one month from the date of the announcement , that is, no later than April 23, 2022. Thus, FCC Inmobiliaria estimates that the presentation will take place in the second half of said period.

FCC Inmobiliaria and its controlling partner value Metrovacesa's permanence on the stock market and do not currently plan to promote or propose any variation in this regard.

As it is a partial offer, the right of forced sale will not be applicable in any case.

The offer is made exclusively on the Spanish market, the only market on which Metrovacesa shares are listed, and is addressed to all holders of shares in the company, regardless of their nationality or residence.

Conforms to The Trust Project criteria

Know more

See links of interest

• Last News

• cheap gas stations

• Default Russia

• When does the 2021 Income start?

• Income 2021

• Work calendar 2022

• Economy Podcast

• Anadolu Efes Istanbul - Real Madrid

• Alba Berlin - Barca