Link Securities | The REIT approved yesterday at the General Shareholders’ Meeting the entry of CriteriaCaixa in its capital through a capital increase of €622 million, Expansión reports. Pere Viñolas, CEO of Colonial, told shareholders that the company’s indebtedness will be consolidated at the levels achieved with this capital injection (leverage of 36.3% vs. 39.9% previously), while he expects earnings per share and the dividend to grow.
With this capital increase, Criteria becomes Colonial’s main shareholder, with 17% of the capital, followed by Qatar Investment Authority (16.0%); Finaccess (13.0%); PUIG (7.0%); and Santo Domingo (6.0%).
