Silicius buys back half of Merlin's stake in the socimi

Silicius buys back half of Merlin's stake in the socimi
Juan Diaz de Bustamante, CEO of Silicius SOCIMI

Silicius will ask the shareholder's meeting to repurchase half of the package of shares held by Merlin, as stated in the items on the agenda of the meeting, which will be held on November 5. Currently, Merlin controls 29.54% of the capital of the socimi managed by Mazabi.

According to the information contained in the call for the meeting, Silicius will pay 15.7 euros for each share held by Merlin. That is to say, it will pay 80.96 million euros for a package of 5.16 million titles. Silicius shares closed the day last Friday at 17 euros.

The repurchase of this package is part of the commitment that Silicius acquired with Merlin when, last September, it debuted on the stock market. According to the agreement, within three years he will have the option to repurchase the remaining package of shares in the hands of the company directed by Ismael Clemente.

Merlin acquired 29.54% of the capital of Silicius in 2020, as a result of the transfer to Silicius of three shopping centers that it considered non-strategic: La Fira in Reus (Tarragona); Thader, in Murcia; and Leroy Merlin from Nassica, in Getafe (Madrid). These properties were valued at 175 million euros.

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