Ontier advises Grupo Carso on Realia takeover bid

Ontier advised Grupo Carso, the Latin American conglomerate owned by the Mexican billionaire Carlos Slim, on its takeover bid for property company Realia.

 

The bid valued Realia’s shares at €0.80 each.

As Grupo Carso already holds a 30.49 per cent stake in Realia, Slim would have to pay around €120 million to control all the shares as the offer is for a 32.5 per cent stake – another Slim-owned company, FCC, currently owns a 36.9 per cent stake in Realia.

A Grupo Carso statement said it had launched the takeover bid with a view to conducting a strategic review of Realia in order to clear up its debt and bring stability to its revenue streams.

Ontier advises Grupo Carso on Realia takeover bid

Ben Cook

iberianlawyer.com

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