Neinor Beiträge WKN: A2DNJB ISIN: ES0105251005 Kürzel: HOME Forum: Aktien User: Freefloat

Investing.com -- Spanish homebuilder Neinor Homes has made an offer to purchase all shares of rival Aedas Homes for €1.07 billion ($1.24 billion), a move that could reshape Spain’s residential property sector. The proposed acquisition would establish Neinor as the largest residential developer in Spain, with capacity to build more than 43,000 homes in the coming years, according to a regulatory filing released by the company on Monday. If the deal goes through, Neinor would gain control of approximately 20,200 homes in Aedas’ portfolio, with most properties located in the Madrid region. Neinor projects the takeover will increase its profits by 40% between 2025 and 2027, enabling the company to boost shareholder payouts by nearly 50% during the same period. The acquisition has received support from Aedas’ largest shareholder, Castlelake, which holds 79% of the company. Castlelake has agreed to sell its stake for €24.49 per share, or €21.34 per share after a planned Aedas dividend. Neinor plans to complete the acquisition by the end of 2024, financing the deal through a combination of its own funds, a capital raise, and loans