Vitruvio Finalises the Absorption of Fidelges

3 January 2020 – Eje Prime

Vitruvio, the Socimi led by Joaquín López-Chicheri has convened an extraordinary general shareholders’ meeting on 5 February to approve the merger by absorption of the real estate company Fidelges.

Last September, Vitruvio reached an agreement to acquire 35% of Fidelges’ shares for €6 million. If that operation is approved by the Socimi’s shareholders next month, it will result in the absorption of the company.

Fidelges has a real estate portfolio worth €21.4 million, which will increase Vitruvio’s asset portfolio to more than €180 million.

Original story: Eje Prime 

Translation/Summary: Carmel Drake

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