29 June 2016 – Telecinco
The company Asturias Retail and Leisure Socimi will debut on the Alternative Investment Market (MAB) on Friday 1 July, after it received the green light from the MAB’s Coordination and Incorporations Committee, which has confirmed that it fulfils all of the necessary requirements for listing.
Using the valuation report prepared by the independent expert Ernst & Young Servicios Corporatives, the company’s Board of Directors has set a reference value of €19.15 for each one of its share, which values the company at €95.8 million.
The debut of the company, which will become the eighteenth Socimi to join the MAB, still requires prior approval from the MAB’s Board of Directors.
The company’s trading code will be YAST and its shares will be traded through the price fixing system. Renta 4 Corporate is the company’s registered advisor, whilst Renta 4 Sociedad de Valores is acting as its liquidity provider.
Asturias Retail and Leisure Socimi owns three properties in Oviedo, through two subsidiaries: the shopping centre known as Intu Asturias and seven retail premises, a hypermarket leased to Eroski and a service station.
Original story: Telecinco
Translation: Carmel Drake