ANA (IBEX 35) +91,9000 (0,49 %)

What are you searching?

ACCIONA sells its stake in Testa for €379 million

10/08/2018
  • Blackstone will pay 14.3267 euros per share

ACCIONA has reached an agreement to sell its entire stake in Testa Residencial (20%) to Blackstone. The transaction is valued at €379 million, representing a value per share of €14.3267.

The transaction will be closed once Blackstone has received the necessary authorization from Spain’s competition authorities to take over at least 50.01% of Testa’s capital.

In July 2017, ACCIONA reached an agreement to integrate its residential rental portfolio within Testa with the aim of maximizing the profitability of its assets.

 

Move up

YOU'RE JUST ONE STEP AWAY!

Please, confirm your subscription on the email we have sent you and your registration will be completed.

YOU'VE ONLY GOT ONE STEP LEFT!

Please confirm your subscription in the email we just sent you to complete the registration and you will be able to download your ebook.

YOU ARE ALREADY SUBSCRIBED TO THE NEWSLETTER!

If you've missed our content, try checking your junk mailbox and
add us to your address book so you can enjoy them without any problem.

An error has occurred.

Your email has been unsubscribed. You will not receive more newsletters, unless you subscribe again. Thank you very much