Bank of America becomes the second shareholder of Axiare

Bank of America becomes the second shareholder of Axiare

The financial entity thus becomes the second shareholder of Axiare, after the 28.79% of Colonial.

According to EjePrime, over the last days several funds have invested in the manager company, such as Maven Securities, which acquired 3.5% of the company, or Amber Global Oportunities, with 1.2%. On November 22, Axiare already had a price quotation of €1,453 million and a value per share of €18.38.

Meanwhile, this week, and to finance part of Axiare's takeover bid, Colonial has issued a bond issue of €800 million - 500 million at eight years, and 300 million at twelve years. 


Axiare buys office building for € 29.7M

In the middle of the takeover bid process, the company closed the purchase of an office building in the prime area of Madrid, with 8,652 m2.

The building has Leed Gold certification, as well as parking and is near to Barajas airport. The purchase was closed for €29.7 million, which increase the value of Axiare's real estate assets to almost €1,750 million.

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