FCC launches a takeover bid for 24% of Metrovacesa


FCC Real Estatean FCC group company, has decided to launch a partial voluntary takeover bid (opa) over 24% of the share capital of Metrovacesa for an amount of 283.93 million euros, as reported by both parties to the National Securities Market Commission (CNMV).

Specifically, the offer, which is made on a maximum of 36,402,322 Metrovacesa shares at a rate of 7.8 euros per ticket in cashhas 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.

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

FCC Inmobiliaria has ensured that it has sufficient funding committed to obtain the necessary funds to meet the total consideration of the offer, which is formulated as a sale.


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