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Villar Mir Continues To Strengthen Its Stake In Colonial

Posted by: In: Real Estate 28 Apr 2015 Comments: 0 Tags: , , , , , , , , , , ,
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28 April 2015 – El Mundo

Villar Mir consolidates its 24.4% stake through the acquisition of 1.1 million shares.

Obtains a block of shares at a price that ranged between €0.603 and €0.607.

Grupo Villar Mir has purchased a block of 1.1 million shares in Colonial, representing 0.03% of the real estate company’s share capital, for €665,700.

The corporation controlled and chaired by Juan Miguel Villar Mir has hereby consolidated its 24.4% stake and (position as) the company’s primary shareholder.

Grupo Villar Mir has acquired the new block of shares in Colonial for a price of between €0.603 and €0.607 per share, in transactions closed on the stock exchange on 20 April and 21 April, according to the register of the Spanish National Securities Market Commission (CNMV).

The group is strengthening its stake in Colonial at a time when the asset company is entering a new phase of investment, in which it plans to allocate funds of €300 million in 2015.

The other key shareholders of Colonial are the Qatar Sovereign Wealth Fund, which is the second largest shareholder with a 13.1% stake; MoraBank and the Santo Domingo group, which hold 7% each; plus three international investment funds that own 3% each.

Original story: El Mundo

Translation: Carmel Drake

The post Villar Mir Continues To Strengthen Its Stake In Colonial appeared first on Aura Real Estate Experts.

Source:: AURA Real Estate Experts

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