Joseph Lewis Increases His Stake In Colonial To 5.08%

16 September 2015 – El Mundo

The English businessman Joseph Lewis has increased his shareholding in Colonial from 3% to 5.08% and so his stake is now worth €91.3 million on the basis of the company’s current market price.

Lewis increased his stake in the real estate company to more than 5% on 10 September 2015, i.e. on the day after Grupo Villar Mir put 10% of the share capital it owned in the real estate company up for sale, according to the records of Spain’s National Securities and Exchange Commission (CNMV).

Specifically, the British investor acquired 66.13 million shares in Colonial, representing 2% of its share capital, worth around €37 million. Following this investment, Lewis owns 162.16 million shares in the real estate company in total, which represents a 5.08% stake.

The business tycoon hereby strengthened his position as a shareholder of the real estate company, in which he first acquired a stake in January 2015. Grupo Villar Mir continues to be Colonial’s largest shareholder, with 14.5% of the share capital.

Amongst Colonial’s other important shareholders are the Qatar sovereign fund, with a 13.3% stake; the Andorran bank MoraBanc with 7%; the Colombian group Santo Domingo (6.8%) and several other investment funds, whose stakes range between 1.9% and 5%.

The real estate company closed trading on Monday with more losses, making it the third consecutive day of decreases since 9 September, when at the close of business, Villar Mir announced its divestment, for €0.56 per share.

During the first trading session of the week, the company’s value decreased by 1.75%, taking its share price to €0.563, in line with that selling price.

Original story: El Mundo

Translation: Carmel Drake

Joe Lewis Acquires 3% Of Colonial

30 January 2015 – El Economista

Lewis teamed up with George Soros in 1992 to speculate on the pound sterling

The English businessman Joseph Charles Lewis has invested in the share capital of the real estate company Colonial, acquiring a 3% stake worth around €58.3 million, based on current market prices.

The business tycoon, who lives in the Bahamas, thus becomes a shareholder of the property management company, whose primary shareholder is the Grupo Villar Mir.

96 million shares

According to records of the National Securities Market Commission (CNMV), Joe Lewis has acquired a pack of 96 million shares in Colonial, which represents 3.02% of the company’s share capital.

Lewis’s investment comes almost a year after the real estate company, led by Juan José Bruguera, concluded a three-pronged restructuring, recapitalisation and debt refinancing process.

Soros’s partner

Joseph Charles Lewis began currency trading in the 1980s and 1990s. In 1992, he teamed up with George Soros to bet against the pound. Together, they forced the devaluation of the British currency, flooding the markets through the sale of more than 10,000 million pounds. The movement, for which they (reportedly) pocketed 1,000 million dollars, rendered the Bank of England powerless at the time.

Original story: El Economista

Translation: Carmel Drake