Brief: Testa Shareholders Agree To Sell 50.01 Pct Of Co To Blackstone Group

Testa Residencial SOCIMI SA

17/09/2018 07:55

Sept 17 (Reuters) - Testa Residencial SOCIMI SA  YTST.MC :
    * SAYS SHAREHOLDERS OF MORE THAN 99 PERCENT OF CO GET BIDING
OFFER
FOR TESTA SHARES
    * THE OFFER HAS BEEN ACCEPTED BY BANCO SANTANDER, BBVA AND
MERLIN
PROPERTIES THROUGH THE EXECUTION OF A PURCHASE AGREEMENT WITH
TROPIC REAL ESTATE HOLDING, A COMPANY MANAGED BY THE BLACKSTONE
GROUP  
    * SHAREHOLDERS WHO ACCEPTED OFFER PLEDGE TO SELL SHARES
REPRESENTING 50.01 PERCENT OF SHARE CAPITAL FOR 14.33 EUROS PER
SHARE

Source text: https://bit.ly/2ME7XXP
    
Further company coverage:  YTST.MC 

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