Now the boards of directors of Hispania and Azora have announced that they will seek alternatives to this acquisition. Hispania appointed Goldman Sachs, UBS and JP Morgan as financial advisors and Freshfields Bruchaus Deringer and Uría Menéndez as legal advisors to assess the value-maximizing actions of the socimi, as EjePrime reported.
Blackstone has announced the possibility of launching a takeover bid over 100% of Hispania’s capital on April 5, after having acquired, through Bidco, 16.56% of Hispania for €315.4 million. At an average price per share of €17.45, the valuation is estimated at €1,900 million.