Astroc boss sells stake to Nozar at discount

By A staff reporter 2007-05-23T00:00:00

Enrique Banuelos, chairman of Astroc Mediterraneo, has agreed to sell a 17% stake in the Spanish real estate company to peer Nozar for EUR 261 mln, or EUR 12.40 a share - just about 20% less than the company's current share price. The transaction will increase Nozar’s holding in Astroc ...

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