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Silvercode changes hands for €144.5M
15 November 2019 | Vanessa Sousa

REIT Silvercode, owned by Java Internacional, changed hands. Dothan Invest is now its major shareholder, by paying around 144.5 million euro for 97.32% of the REIT’s shares.

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This transaction was approved on the 11th of November during a shareholders’ meeting, and it represents a value of 2.05 euro per share.

According to the release issued by the Mercado Alternativo Bursátil, «Dothan Invest, as the Society’s sole shareholder will take all necessary actions to exclude the listing of the Society’s shares from MAB as soon as possible».

With this operation, «PSP Investments Holdings Europe Ltd. and Enavap Investments, S.L., own indirectly, through Dothan Invest., shares of 87.59% and 9,73%, respectively, of Silvercode’s capital».