For this, they will carry out a primary offer, or a public offer of sale OPV) aimed at institutional investors by which they hope to make 100 million euros, to which will be added a secondary offer on the sale of the Lone Star shares. Also, this will allow the coordinating bodies the option of the allocation of titles for up to 15% of the offer.
Neinor Homes announced its intention to ask permission for the share deal in the stock markets of Madrid, Barcelona, Bilbao and Valencia and that the gross proceeds from the first offer will be principally used to reduce the present corporate debt and to continue to acquire building land in areas of strong demand. Neinor homes announced its intention to seek permission to deal its shares on the stock markets of Madrid, Barcelona, Bilbao and Valencia and their inclusion in the Continuous Market.
Juan Velayos, CEO of Neinor Homes, declared, “the official announcement made today is one of the key milestones for this company. The exit from the Stock Market is an option that Neinor homes has had as part of its DNA since its birth in 2015. In this way, from the very beginning, we have aimed at fulfilling the highest standards of Corporate Government and professionalism, always with the utmost rigour, transparency, and both work ethic and good communication. Our company has experienced rapid growth, but this process has been consistent and sustained over time, and thus has been born a company with 30 years of history. Given this past, and announced today, is the confirmation that our differential business model is working, and that we have reached a significant landmark in our plans which will help us boost company growth".