Merlin Properties shares fall on reports of potential capital increase

MERLIN Properties SOCIMI

17/07/2024 13:48

** Merlin Properties  MRL.MC  shares fall almost 3% after
Spanish newspaper El Confidencial reported that the board of
director's group is meeting at the end of this week to likely
launch a capital increase of 1.0 billion euros ($1.09 billion)
to invest in the construction of data centers
    ** The transaction would have the support of Santander
 SAN.MC , which had so far disagreed with these plans, El
Confidencial said
    ** CM Capital Markets sees the news as negative due to the
dilutive impact of the potential capital increase
    ** Shares on track for their worst day since May
    
($1 = 0.9145 euros)

 (Reporting by Matteo Allievi)
 ((Matteo.allievi@thomsonreuters.com))