Group Sanchez Ramade has acquired 5% of Spanish real estate company Realia for EUR 90 mln. Following the purchase this week, the group has become the second-largest shareholder in Realia after Caja Madrid and developer Fomento de Construcciones y Contratas (FCC). Sanchez Ramade offered EUR 6.3 per share. The purchase has been made through the group's real estate arm Noriega, a property development company founded in 1962 and based in Cordoba. Goldman Sachs International and Freshfields Bruckhaus Deringer acted as advisor to Sanchez Ramade. Realia's shares were trading at about EUR 6.33 at the time of the transaction.
Group Sanchez Ramade has acquired 5% of Spanish real estate company Realia for EUR 90 mln. Following the purchase this week, the group has become the second-largest shareholder in Realia after Caja Madrid and developer Fomento de Construcciones y Contratas (FCC). Sanchez Ramade offered EUR 6.3 per share. The purchase has been made through the group's real estate arm Noriega, a property development company founded in 1962 and based in Cordoba. Goldman Sachs International and Freshfields Bruckhaus Deringer acted as advisor to Sanchez Ramade. Realia's shares were trading at about EUR 6.33 at the time of the transaction.
