Hispania considers raising offer for Realia
Hispania, the Spanish real estate trust, is considering marginally raising its offer for the listed Spanish construction group Realia, El Confidencial reported. According to the Spanish language report, which cited people with knowledge of the situation, Hispania is not relinquishing its pursuit of Realia despite the emergence of the Mexican investor Carlos Slim as a possible rival suitor.
As reported, the Spanish construction group FCC said in a regulatory filing late on Thursday [5 February] that it had halted the sale of its 36.886% stake in Realia. Slim owns 25.6% of FCC’s shares.
Hispania tabled a EUR 0.49-a-share bid for Realia in November 2014.
El Confidencial