However, according to a release issued by Mercado Alternativo Bursátil, «the offer is conditioned by, among the other conditions, the signing of an irrevocable commitment to sell by the Company’s shareholders representing at least 75% of the Company’s capital».
The American fund should pay around 14.1 euro per share, which represents a total of 70.5 million euro, through developer Holding 295 BV. On a first stage, it should pay 75% of that amount, and within the following 18 months, the remaining 25%, it can be read in the document.
The REIT – which has been operating in the market since 2014 – is capitalized at 60,5 million euro.
