Specifically, until now the Swiss bank has possessed 2.98%. The new holding corresponds to 2.28 million shares of the Socimi (a Spanish REIT firm).
In accordance to the current market prices, the stake is worth €22.77 million. Hispania´s shares climb by over 2.5% and now stand at 9.95 Euros each.
The last has recently added to its stake at Merlin Properties. The Swiss entity controlls now 7.9 million shares – equal to a 6.16% holding – of the freshly listed Socimi. In line with the market prices, the stake represents an amount of €74.2 million.
Apart from Credit Suisse, Merlin was chosen by UBS (11.6%), Market Field (10.6%), EJF Capital (7%) and Goldman Sachs (5%).
Original article: Cinco Días
Translation: AURA REE