PropertyEU

Martinsa, Fadesa set to merge via 5-for-4 share swap

By A staff reporter 2007-04-12T00:00:00

The management boards of Spain's Grupo Martinsa and Fadesa Inmobiliaria have approved their merger through a share swap with a ratio of five Martinsa shares for every four Fadesa's shares. This values Martinsa's shares at EUR 0.03 and Fadesa's at EUR 0.10. The proposal still needs to be approved by ...

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