Brief: Neinor's Audit Committee And Board Approve JV With Stoneshield

Neinor Homes SA

20/04/2026 07:05

April 20 (Reuters) - Neinor Homes SA HOME.MC:

SAID ON FRIDAY, REGARDING JV WITH STONESHIELD CAPITAL, TRANSACTION APPROVED BY AUDIT AND CONTROL COMMITTEE AND BOARD OF DIRECTORS

TRANSACTION CLASSIFIED AS RELATED-PARTY DUE TO DIRECTOR INVOLVEMENT

JUAN PEPA AND FELIPE MORENES ARE FOUNDING PARTNERS AND MANAGING PARTNERS OF STONESHIELD CAPITAL WHILE BEING MEMBERS OF NEINOR'S BOARD

NECESSARY PROTOCOLS ESTABLISHED TO SAFEGUARD INDEPENDENCE OF TRANSACTION

DIRECTORS WITH POTENTIAL CONFLICT OF INTEREST DIDN'T HAVE ACCESS TO INFORMATION, AND DIDN'T PARTICIPATE IN DELIBERATIONS OR VOTING

COMPETITIVE INVESTOR PROCESS CARRIED OUT; STONESHIELD PROPOSAL MOST FAVOURABLE

TRANSFER PRICE EXCEEDS INDEPENDENT VALUATION; FINANCIAL STRUCTURE MARKET-COMPLIANT

TRANSACTION ENABLES ASSET'S VALUE REALIZATION, CAPITAL OPTIMIZATION

TOTAL PROJECT INVESTMENT ESTIMATED AT 150 MILLION EUROS

PROJECT EXPECTED TO GENERATE REVENUES ABOVE 600 MILLION EUROS OVER FIVE YEARS

 Source text: nCNM7Xq8G3
 Further company coverage: HOME.MC

 (Gdansk Newsroom)

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