Mexican businessman Carlos Slim looks on after His arrival at the Starlite Charity Gala in Marbella, near Malaga, southern Spain, August 9, 2014. Slim will be Awarded to . Starlite Gala 2014 Humanitarian Award
Photo: Jon Nazca (SPAIN – Tags: ENTERTAINMENT BUSINESS) – RTR41TON / Reuters
Realia opened with a sharp rise in the stock market after its shareholder FCC announced that it has suspended its plan to sell its 38 percent in real estate.
“A twist of company strategy come into the thread of interest in real estate shown by Carlos Slim, the main shareholder of FCC,” said Renta 4.
0940 hours, Realia shares rose 11 percent to 0.805 euros after setting an initial maximum of 0.87 euros.
Realia is currently the subject of a takeover bid to 0.49 euros / share by Hispania, still have to be approved by the CNMV.
“In this scenario, the door opens to a possible improvement in the price of the OPA,” Renta 4 said.
Bankia, the Realia second principal shareholder with a stake of 25 percent, has not yet revealed its plans with real estate
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