FCC, through its real estate division, has launched a partial takeover bid for 24% of the share capital of Metrovacesa, for an amount of 283.93 million euros.
The group controlled by Carlos Slim offers 7.8 euros per share and, as explained in the document sent to the National Securities Market Commission (CNMV), could reach "a maximum participation of 29.4087% of the capital stock of Metrovacesa ( including the 5.4087% that is already owned)".
The price offered represents a premium of more than 16% compared to the weighted average price of the shares of the promoter led by Jorge Pérez de Leza during the last quarter.
The maximum total amount to be disbursed by the offering company amounts to 283,938,111.60 euros, and FCC Inmobiliaria claims to have committed "sufficient financing to obtain the necessary funds to meet the total consideration of the offer". In fact, the fulfillment of its obligations will be guaranteed by a bank guarantee in accordance with the provisions of article 15 of the Royal Decree on OPAs.
FCC Inmobiliaria will submit to the CNMV the request for authorization of the offer, together with the prospectus and other documents that must be provided within a maximum period of one month from the date of the announcement, that is, no later than April 23. of 2022.
