Brief: Merlin To Sell Its Stake In Testa Residencial To Blackstone Group

Testa Residencial SOCIMI SA

17/09/2018 07:39

Sept 17 (Reuters) - Merlin Properties SOCIMI  MRL.MC :
    * AGREES TO SELL ITS STAKE IN TESTA RESIDENCIAL FOR 321.2 MILLION EUROS TO TROPIC REAL
ESTATE
HOLDING, MANAGED BY BLACKSTONE
    * THE PRICE IMPLIES AN EQUITY VALUATION OF TESTA OF 1.90 BILLION EUROS
    * MERLIN, BANCO SANTANDER AND BBVA HAVE FORMALIZED A DEAL WITH BLACKSTONE TO SELL 50.01 PCT
OF
TESTA RESIDENCIAL

Source text for Eikon:  ID:nCNMbsjgQR 
    
Further company coverage:  MRL.MC 

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