Acciona may become the main partner of Testa

Acciona Inmobiliária is considering to become the main partner of the socimi Testa Residencial, maintaining the 20% stake it currently has, following the initial public offering (IPO) that the company should launch in June before start quoting on the stock exchange.

Acciona is the only one of the four major shareholders of the company that wants to keep its bet on the real estate manager. Merlin intends to sell its stake (17%) in Testa, while Santander (36%) and BBVA (26%) plan to divest depending on the price and scope of the operation, explains Cinco Días.

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