18 January 2017 – Expansión
The company Gore Spain Holdings Socimi will debut on the Alternative Investment Market (MAB) on Thursday (19 January), after the MAB’s Board of Directors approved its incorporation into the Socimi segment, having analysed the information presented by the company and after the Coordination and Incorporation Committee issued a favourable assessment report.
On the basis of the share valuation report prepared by the independent expert CBRE Valuation Advisory, the company’s Board of Directors has set a reference value of €14.58 for its shares, which represents a total market capitalisation of €144 million.
Gore Spain Holdings Socimi will be the twenty-ninth Socimi to join the MAB. The company’s trading code will be “YGRE” and its shares will be traded through a price fixing system.
According to a statement by the Spanish Stock Exchange (BME), Renta 4 Corporate is the Registered Advisor for the operation and Renta 4 Banco is the Liquidity Provider.
Gore Spain Holdings Socimi is the parent company of a group that comprises 18 fully owned subsidiaries, of which 17 have opted to operate under the Socimi structure, designed for the acquisition and rental of properties in Spain. The group currently owns 20 assets and has a single shareholder, GreenOak Spain Investment.
Original story: Expansión
Translation: Carmel Drake
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Source:: AURA Real Estate Experts