The intention to launch this takeover bid was announced on November 13, as recalls the Spanish Real Estate, for a value of €18.5 per share, which suggests a valuation of the company at more than €1,460 million, price that has already announced which can be renegotiated to €18.36 per share, if Axiare delivers a dividend of €0.14 on November 28.
Last year, Colonial acquired 15.09% of Axiare for €135 million, at €12.5 per share, then increasing this share to the current 28.79%, being the main shareholder currently.