Merlin to begin trading on Lisbon Stock Exchange

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

The company led by Ismael Clemente looks to make the leap to the Lisbon stock exchange at the same price with which they close their shares on January 14 in the Spanish market.

Merlin Properties, led by Ismael Clemente, has reported that it will start trading on Euronext Lisbon on January 15. The debut price of the shares will be the same with which they close on January 14 in Spain, as reported by the company.

The socimi makes the leap to the Portuguese stock market through direct quotation and with the aim of strengthening its presence in the country and improving the visibility of the company in international markets. In fact, Clemente has repeatedly indicated that Portugal is a key market in the company's internationalization strategy.

Merlin is among the largest listed real estate companies in Spain, with a capitalization of more than 5,900 million euros and a portfolio with a value greater than 12,300 million euros. Until September 2019, the socimi obtained a net result of 316 million euros, while income from the rental of its assets reached 397 million euros, 5.8% more than in the same period of 2018.

The company owns nine office buildings in Portugal, including Torre Lisboa, Nestlé headquarters or Lisboa Expo. In addition, it has two shopping centers and a logistics park in its portfolio.

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.