Uro Property Debuts On MAB With An Increase Of 5%

13 March 2015 – Expansión

Uro Property, the Socimi that owns one third of Santander’s bank branches and whose main shareholders are Santander, Atisha and CaixaBank, debuted on the Alternative Investment Market (Mercado Alternativo Bursátil or MAB) yesterday with an increase of 5.05%, to take its price per share to €105.05.

The company is being listed through a fixing procedure, whereby its prices are published twice a day (at 12:00 and at 16:00). At 12:00, when the shares debuted, the price increased to €102.50, i.e. by 2.5% with respect to the price of €100 that had been set for its IPO. Its price at 16:00 (the official price for the session) reached €105.05.

Thus, Uro Property ended the day with a market capitalisation of €272 million and so became the largest company trading on the MAB.

Original story: Expansion

Translation: Carmel Drake