Report
Ignacio Romero ...
  • Luis Arredondo
EUR 50.00 For Business Accounts Only

METROVACESA / FCC: FCC LANZA UNA OPA SOBRE EL 24% DE METROVACESA (ANÁLISIS BANCO SABADELL)

 FCC acaba de anunciar que su filial FCC Inmobiliaria (80% de FCC) lanzará una OPA voluntaria sobre el 24% del capital de MVC en metálico a un precio de 7,80 euros/acc. (+20,2% vs cierre de ayer; +11% vs precio medio últimos 6 meses y -8,4% vs P.O. de consenso). Sumando el 5,4% de participación que CEC (Carlos Slim, 74,2% de FCC) tiene ya en la inmobiliaria, la participación máxima a alcanzar sería del 29,4% por debajo por tanto del límite del 30% que de superarse les obligaría a adquirir el 100%.
Underlyings
Fomento de Construcciones y Contratas S.A.

Fomento de Construcciones y Contratas is the parent company of a group engaged in sanitation services, cleaning, maintaining, purification and distribution of water, construction of highways, hydraulic works, marine works, air and rail transport infrastructure, urban developments, housing, non-residential buildings, office buildings, toll highways, parking garages, marinas and water treatment plants. Co. is also engaged in the manufacture and sale of cement and cement infrastructures, such as precast concrete elements; and in the financial markets, and real estate development, leasing and tourism.

Metrovacesa SA

Metrovacesa SA, formerly Metrovacesa Suelo y Promocion SA, is a Spain-based real estate developer. The Company specializes in construction and sale of sustainable housing, both single-family and multi-family residential properties. Its activities also include promotion, urbanization and parceling of real estate in general, as well as real estate management for own benefit or on behalf of third parties. Its asset portfolio includes more than 6 million square meters of building land across Spain, as well as already developed properties in cities, such as Malaga, Almeria, Cordoba, Barcelona and Madrid, among others.

Provider
Sabadell
Sabadell

Analysts
Ignacio Romero

Luis Arredondo

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