Spanish REIT Colonial finalises Axiare merger.

Colonial shares have closed at €9.55 (+1.43%%) following the completion of their merger with Axiare. The successful completion of this merger has created one of the main property groups in the European market, with a portfolio worth 11.1 billion euros.

Inmobiliaria Colonial announced on the 10th of April that the boards of Colonial and Axiare had approved common draft of terms of merger between Colonial as the absorbing company and Axiare as the absorbed company. The merger is the culmination of the takeover bid Colonial launched on Axiare on February the 2nd when it acquired 86.8% of Axiare’s capital.

Colonial stated that it wants “to respond to the current challenges in the property sector by strengthening its competitive position and extending its business in Spain and making it more efficient.” It said the operation will bring “significant synergies and a reduction in operating costs.”

Cuatrecasas advised Axiare Patrimonio on this transaction through a team from the Corporate and Commercial Practice made up of partners Miguel Trías and Gerard Correig, and associate Guido S. Adlaoui.

4 thoughts on “Spanish REIT Colonial finalises Axiare merger.

  1. Hello there,

    My name is Aly and I would like to know if you would have any interest to have your website here at spanishreit.com promoted as a resource on our blog alychidesign.com ?

    We are in the midst of updating our broken link resources to include current and up to date resources for our readers. Our resource links are manually approved allowing us to mark a link as a do-follow link as well.

    If you may be interested please in being included as a resource on our blog, please let me know.

    Thanks,
    Aly

  2. Hello there,

    My name is Aly and I would like to know if you would have any interest to have your website here at spanishreit.com promoted as a resource on our blog alychidesign.com ?

    We are updating our do-follow broken link resources to include current and up to date resources for our readers. If you may be interested please in being included as a resource on our blog, please let me know.

    Thanks,

    Aly

  3. Thanks for a marvelous posting! I actually enjoyed reading it. I will be sure to bookmark your blog and definitely will come back down the road.I want to encourage you to definitely continue your great work, have a nice evening!

Deja un comentario

Tu dirección de correo electrónico no será publicada. Los campos obligatorios están marcados con *