Colonial’s takeover bid closed on the Axiare

Colonial’s takeover bid closed on the Axiare


In a statement sent to the Spanish CNMV, quoted by EjePrime, Colonial informs that the bid was accepted for 45,912,596 shares. The company will disburse €1,030 million.

The initial bid was of €18.36 per share, valuing the manager at € 1,451 million. The takeover bid was launched on 71.21% of the shares not controlled by Colonial (it was at the time the first shareholder, with 28.79%).

Colonial will now be a giant with a value of €10 000 million in portfolio.




Photo: Expansión

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