Standard & Poor's is the one who is saying this in a document prepared to qualify this takeover bid, according to which the operation is classified with a BBB / A-2, which means that it is a medium size company in good financial standing.
According to the agency, "Colonial plans to deleverage even more after the transaction and achieve a balance between its debt sources and its investment for Axiare's purchase”, explained to EjePrime. "Colonial would be released from noncore assets of the socimi that may be both their logistical or commercial assets during the second half of 2018”, it’s also mentioned.
According to the same source, the group will publish the takeover bid prospectus, which will arrive, at the latest, throughout the first quarter of 2018.