Report
Roy Külter ...
  • Steven Boumans

Lar España : Helios launches a takeover bid on Lar España of €8.1

>Offer on shares of €8.1, +16% above yesterday’s close - This morning Lar Espana announced that Helios, part of Hines, launches a takeover bid of Lar España € at 8.10 or €609m (considering 75,196,924 shares ).The €8.10 offer price is 16% above yesterday’s close of € 6.99 and 25% to the volume-weighted average price of €6.48 per Lar share for the six-month period immediately before the date of this announcement, adjusted by the dividend paid of € 0.79.The off...
Underlying
Lar Espana Real Estate SOCIMI SA

Lar Espana Real Estate SOCIMI SA is a Spain-based company primarily engaged in the operation of retail Real Estate Investment Trusts (REITs). The Company specializes in acquiring, managing and renting real estate assets within the Spanish market. Its business activities are divided into three segments: Shopping Centers, Offices, as well as Logistics. The Shopping Centers area is responsible for operation of a number of shopping malls, namely Txingudi, Las Huertas, Albacenter, Anec Blau, Hiper Albacenter, and Nuevo Alisal, among others. The Offices segment invests in office properties, such as Arturo Soria, Cardenal Marcelo Spinola, Egeo and Eloy Gonzalo. The Logistics division focuses on managing logistics warehouses, including Alovera I and Alovera II. The Company also owns a plot for residential properties development. It is a parent of a number of entities, such as Lar Espana Inversion Logistica SA, Gran Via Centrum Holdings SAU, Global Noctua and Puerta Maritima Ondara.

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Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Roy Külter

Steven Boumans

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