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Banco Santander

Listed 25/07/2018

Spain's Metrovacesa halves 1H loss to €8.27m, targets 4,000 home starts

Spanish listed housing developer Metrovacesa halved its net loss to €8.27m in the first six months, and said it expects to start up to (...)

Listed 24/07/2018

Spain's Testa issues IPO prospectus at €1.8bn market cap for €13.86 shr

Testa, the Spanish housing firm owned by creditor banks, REIT/SOCIMI Merlin Properties and Acciona Inmobiliaria, has issued its stock market prospectus targeting capitalisation of €1.83bn at a share price (...)

Listed 23/07/2018

Blackstone €2bn bid for Spanish REIT Hispania succeeds at 74%

US investment management giant Blackstone has succeeded in its €2bn bid for Spanish REIT/SOCIMI Hispania, winning acceptances for 74.02% of equity, well over its (...)

Listed 22/06/2018

Spanish REIT Hispania’s board approves increased Blackstone takeover bid

Spain's hotels-focused REIT/SOCIMI Hispania said its board has approved the takeover bid made by US wealth giant Blackstone after the latter raised its offer to €18.25 per share (...)

Hospitality 12/06/2018

Amid Spain's hotel boom, Blackstone will do what it takes to buy Hispania

With Spanish tourism booming and no fewer than 173 new hotel openings forecast in the next four years, US giant Blackstone will likely do what it (...)

Listed 06/04/2018

Blackstone launches €1.9bn takeover bid for Spanish hotel REIT Hispania

Giant US investment manager Blackstone has launched a full takeover bid for Spanish REIT/SOCIMI Hispania via its Alzette vehicle, having agreed to buy 16.65% (...)

Hospitality 05/04/2018

Spanish Hispania shares jump 7% on reports of Blackstone hotels bid

Shares in Spanish REIT/SOCIMI Hispania jumped by 7.3% yesterday on media reports that US wealth manager Blackstone plans a takeover bid once it executes plans to sell office (...)