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A Canadian Pension Fund Buys 7% of the Socimi Azaria

The Canadian pension fund PSP Investments has signed an agreement with Daily Real Estate, the majority investor in Azaria, to acquire an almost 7% stake in the Socimi.

centro comercial plaza norte II shutterstock 1
The Plaza Norte II shopping centre in Madrid.

The Socimi Azaria Rental, which is controlled by the fund manager Drago Capital, has a new shareholder. The Canadian pension fund PSP Investments has signed an agreement with Daily Real Estate, the compan’ys majority investor, to acquire an almost 7% stake in the Socimi.

The transaction involves the sale of 658,506 shares for 5.9 million euros (equivalent to 9.07 euros per share). In this way, Daily Real Estate will reduce its participation in Azaria to 69.17%.

Read the full article in Spanish.

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