The unstoppable Carlos Slim buys 5.49% of Metrovacesa's shares

March 8, 2020
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Mexican tycoon Carlos Slim continues to focus on the Spanish real estate sector, as evidenced by his latest investments.

Since 2015, Slim controls Realia through Inversora Carso and FCC. He now has his eyes set on Metrovacesa just one month after investing 3.006% in Quabit real estate.

At the beginning of February, Slim's acquisition was announced directly through Inversora Carso. The announcement reported a package of 4.62 million shares of the company, representing 3.046% of its capital. The company posted a 3.74% rise in the stock exchange session, which closed at 9,420 euros per share.

The Mexican billionaire has acquired a package of 3.7 million shares of the developer, equivalent to 2.44% of the share capital and valued at 28 million euros, as recorded in the records of the National Securities Market Commission (Cmnv).

Currently, Slim holds 5.49% of the company's securities, which is equivalent to 8.3 million shares, and ranks as the third largest shareholder of Metrovacesa, only behind Banco Santander, which has 49.3 % of the securities, and Bbva, which has 20.8% of the share capital.

Metrovacesa had, at the end of the third quarter of 2019, 121 promotions in different stages of development that totaled 7,340 homes, 3,388 homes of which were under construction.

March 8, 2020

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