testa inmuebles en renta sa
Transactions by TESTA INMUEBLES EN RENTA SA (TST) in the last 6 months
Testa Inmuebles en Renta SA (CATS:TST) announced that it has entered into an agreement for a private placement of 38,491,930 common shares at €11.1929618497 per share with new investor, Merlín Properties Socimi S.A. for gross proceeds of €430,838,704.0113229 on June 9, 2015. The transaction excluded preference subscription right. The investor acquired 25% stake in the company through this transaction. The transaction was approved by the board of directors.
Merlin Properties Socimi, S.A. (CATS:MRL) entered into an agreement to acquire 99.49% stake in Testa Inmuebles en Renta SA (CATS:TST) from Sacyr SA (CATS:SCYR) for €1.6 billion on June 8, 2015. Under the deal, Testa will reduce its capital and pay an extraordinary dividend to shareholders and will later carry out a capital increase in which Merlin will subscribe to 38.49 million Testa shares, representing 25% stake in Testa. Merlin Properties will then pay €1.56 billion ...
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