The Colombian family Saint Dominic sold, through German Bankits 5% stake in Real Estate Colonial for an amount of 165 million euros, below the almost 174 million that his package of shares would cost at market prices.
More precisely, as the company reported this Friday to the National Securities Market Commission (CNMV), the sale of 31.55 million colonial shares in the hands of the Santo Domingo family was realized at 5.23 euros per share, compared to the price of 5.51 euros with which SOCIMI shares closed this Thursday, representing a discount of 5.1%.
With the sale of its stake in Colonial, this Colombian family leaves Colonial after more than 10 years of presence in SOCIMI.
The operation was carried out through an accelerated placement with institutional investors of the 31,558,544 securities held by the Santo Domingo family, representing approximately 5% of shares ordinary activities of the company.
Once the transaction is finalized, which is expected to take place on Friday, November 29, the Santo Domingo family will no longer hold any residual interest in Colonial, which will not receive any income from this sale.
According to Forbes, Saint Dominic They are the richest family in Colombia, with businesses in industry, transportation, media, entertainment, commerce and renewable energy.
In 2014, through her company Aguila LTD, she acquired 3% of Colonial (which was not yet a SOCIMI) for 11.5 million euros and committed 100 million as part of a capital increase focused, at the time, on debt reduction and recapitalization.
In recent days, Colonial has been at the center of the news due to the agreement reached last week between the PSOE and Sumar to eliminate the socimis regime, since it has lower taxation.
However, the deal had to be approved by Congress and ultimately did not receive the green light. The society He has already recovered everything he lost on the stock market due to the negative effect this deal had on its price.
The departure of Santo Domingo also comes a few months after the increase in the participation led by Criteria Caixa in Colonial, which increased in May from 3% to the current 17%, thanks to an increase of 350 million euros and a contribution of 8 properties. .
