Colonial bid Axiare

Inmobiliaria Colonial and the socimi Axiare merger

Colonial & Axiare Create Property Giant Worth €11.1 Bn

Inmobiliaria Colonial announced at the market close on Tuesday that its board and that of the socimi Axiare have approved the merger of both companies. The integration still has to be ratified at the respective shareholder meetings. It will be carried out via a share exchange: 1,8554 shares of Colonial for each share of Axiare.