According to La Información, the operation reaches 1.325 million euro. CNMV considers that all the suspensive conditions which held the closing of the operation have been met.
The operation forsees Blackstone’s buying of BBVA’s shares in Testa (25.4%) as well as those from Merlin Properties (16,95%) and Acciona (20%), besides Santander which keeps 29% of the REIT.
Once the deal is closed, Blackstone will consolidate itself as the largest real estate owner in Spain, with more than 10.615 rented dwellings worth more than 20.000 million euro.