Spanish developer Astroc Mediterraneo and Catalan property company Aisa have agreed to merge and are expected to close the deal next month, newspaper La Gaceta de los Negocios reported. Astroc is already merging with its 50%-owned units Rayet Promocion and Landscape. Astroc bought a 54% stake of Rayet last October for EUR 350 mln. In the same month it acquired 49.99% of Landscape, the real estate subsidiary of Banco Sabadell, for EUR 987 mln.
Spanish developer Astroc Mediterraneo and Catalan property company Aisa have agreed to merge and are expected to close the deal next month, newspaper La Gaceta de los Negocios reported. Astroc is already merging with its 50%-owned units Rayet Promocion and Landscape. Astroc bought a 54% stake of Rayet last October for EUR 350 mln. In the same month it acquired 49.99% of Landscape, the real estate subsidiary of Banco Sabadell, for EUR 987 mln.