Spanish real estate company Tremon intends to launch an Initial Public Offering (IPO) in Madrid next month. The group, valued at some EUR 2.8 bn, will list 25% of the company in June and an additional 10% in the following six months, according to Spanish newspaper Bolsa Cinco.
Spanish real estate company Tremon intends to launch an Initial Public Offering (IPO) in Madrid next month. The group, valued at some EUR 2.8 bn, will list 25% of the company in June and an additional 10% in the following six months, according to Spanish newspaper Bolsa Cinco.
Chairman and owner Hilario Rodriguez Elias said in an interview with daily Expansion that the listing will help financing possible acquisitions in Spain and France.
Founded in 1993, the group posted profit before taxes of EUR 48.5 mln in 2006. Tremon is active in Bulgaria, Hungary, Morocco, Poland, Czech Republic and Romania.
