Metrovacesa

Spanish economy 9th July 2023

Carlos Slim eyes taking control of Metrovacesa with FCC to then delist it from stock exchange

Link Securities| The newspaper elEconomista.es reported on Tuesday that Mexican businessman Carlos Slim aspires to take control of Metrovacesa (MVC) with FCC and once he achieves this goal, one of his plans is to delist the developer from the stock market, as confirmed by various sources in the sector to elEconomista.es. This move would be strategic in order to be able to later propose a corporate operation to integrate Metrovacesa…

Spanish economy 7th June 2022

Santander And BBVA Reject Slim’s Bid For A 30% Stake In Metrovacesa

The board of directors of Metrovacesa has rejected the takeover bid launched by FCC, the construction company controlled by Slim, with the aim of achieving a 29% stake in the real estate developer. They consider that the offered price of 7.2 euros is not adequate. In this way, as the company has informed the Comisión Nacional del Mercado de Valores (CNMV), none of the directors owning Metrovacesa shares will accept…

Ibex 25th October 2019

Real Estate: REITs, best option among traded companies; Merlin Properties main recommendation

Bankinter | At this point of the cycle is it more attractive to invert in real estate through traded companies than real estate assets.

Spanish Small & Mid Caps 24th January 2018

Metrovacesa Will Return To The Stock Market On February 5 With A Top Valuation Of €2.960 bn

The price for Metrovacesa’s return to the stock market will be in the range of €18,0/€19,5 per share, implying an initial market capitalisation of between €2.730 billion and €2.957 billion.

Spanish economy 14th September 2017

A New Property ‘Giant’ Is Born: The First To Specialise In Rentals In Spain

Testa Residencial, the socimi in which Santander, BBVA and Merlin have stakes, will today approve its merger with Acciona’s property rentals business. The operation will create a new property ‘giant’, unheard of up to now in Spain, given that it will be the first company dedicated to the home letting business.

Ibex 23rd June 2016

From Metrovacesa To Merlin Via The Crisis

Before the crisis, Metrovacesa was one of the five big Spanish property companies, born out of Madrid’s expansion with the construction of the underground in the first few decades of the XXth century.