Árima Real Estate has reached an agreement with its financial entities to accept a change of control in the event that the public takeover bid (OPA) for shares launched by the Swiss bank J. Safra Sarasin to buy the company for 224 million euros is carried out.
Specifically, has entered into agreements with various financial entities holders of loans secured by a mortgage on SOCIMI assets consent to the change of control.
The agreement implies that no type of penalty or commission will be applied for its subscription, as indicated by the National Securities Market Commission (CNMV).
The company hopes that the CNMV will decide on the authorization of the operation next September.
This Thursday, British fund Decagon Asset Management increased its stake up to 3.06% in the capital of the companies of the previous 1.4%.
The company also published results this week in which it reported a 24% reduction in losses in the first half, to 11.2 million euros, due to the change in the valuation of its real estate assets, affected by the rise in interest rates.
Nevertheless, This is an accounting effect without cash outflow, which contrasts with the return of recurring net profit and the 24% increase in revenues it derives from the rental of its offices.
