CNMV authorizes FCC’s acquisition of 24% of Metrovacesa

National Securities Markets Commission (CNMV) has authorized takeover bid (OPA) shares launched on March 23 by the FCC Group for 24% of the capital of real estate company Metrovacesa.

In a statement, the stock market regulator informed that the offer has been adjusted current rules and considers the contents of the explanatory brochure submitted after the last amendments registered on 20 May to be “adequate”.

Takeover bid launched by Mexican-controlled company Charles Slim It offers a price of 7.2 euros per share, and aims to own 36.4 million Metrovesa shares, equivalent to 24% of its share capital, which would mean a maximum outlay of 262 million for the construction group.

FCCwhich has launched a takeover bid through its real estate company FCYC, a few days ago reduced its offer from the 7.8 euros it initially offered, the 0.6 euro dividend approved by the last general meeting of shareholders of Metrovesa After giving discount.

Charles Slim

If successful, Mexican Charles Slim will become the second largest shareholder of metrovessa with 29.4% of the capital, as it currently controls 5.4% of the shares through its company Inversora de Carso.

Today, Metrovesa’s main shareholder is Santander BankWith 49.3% shares, further BBVAwhich has 20.85%.

To guarantee operations, the FCC has submitted a bank guarantee from Banco Santander. 262 million Which will fully cover the disbursements to be made by the Spanish construction company.

CNMV has clarified that the period of acceptance of the offer shall be 15 calendar days from the trading day after the first publication. Announcement With the required data of the offer.