Hispania exits the stock exchange on the 1st of April

Hispania exits the stock exchange on the 1st of April

 

According to El Economista, the American fund wants to take the REIT off the market after having bought most of its capital last year through a takeover. The extraordinary shareholders’ meeting will take place after the conclusion of the purchasing standing order Blackstone placed over the company’s shares, representing 2.09% of its stock, which Blackstone doesn’t control yet.

Last July Blackstone bought 97,9% of Hispania, the largest hotel owner in Spain, in an operation estimated at 2.000 million euro.

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