21 May 2020 – Brainsre.news
The Socimis Lar España and Árima, and the property developer Aedas Homes have boosted their share buyback programs following the outbreak of the health crisis.
It is just one of the measures implemented by the real estate companies as part of their anti-Covid plans. Several of the large listed companies in the sector have resorted to expanding their treasury stock to curb the collapse suffered by the stock markets worldwide, and, specifically, in Spain.
In the case of share purchases, the property developer Aedas Homes and the Socimis Lar España and Árima Real Estate have opted for this formula, with programs for the acquisition of their own securities that have totalled more than €5 million in the two months of the pandemic to date.
Original Story: Brainsre.news
Translation/Summary: Carmel Drake