Drago and Allianz entered the race for La Finca’s stock

Drago and Allianz entered the race for La Finca’s stock

The negotiation process has already started and consultant Deloitte is also involved on behalf of the American company. These two candidates entered the same race, but with different goals, according to El Confidencial.  

While for Drago this purchase may be a way to achieve complete control of the company, for Allianz this deal means stability for the 150 million euro financing the REIT provided it around 3 years ago.

La Finca Global Assets only started being listed at the Mercado Alternativo Bursátil last June, but it already has a portfolio estimated at 790.4 million euro, according to the assessment carried out last year by JLL Valoraciones. One of the 7 assets the REIT owns in the Spanish capital is 125 thousand sqm La Finca Business Park.

American Värde Partners is currently La Finca’s largest shareholder, followed by Yolanda García-Cereceda, with 23.1%, Susana García-Cerceda (18.7%), Eduardo García-Cercedo, (6.9%) and the company’s administrator (2.5%).

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