Thursday, August 13, 2020
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Amancio Ortega Reorganises his Property Portfolio and Carves Out the British Assets into a Separate Company

The owner of Inditex is unifying his real estate portfolio in Spain, separating out his assets in the United Kingdom into a new company and reordering his financial investments.

Devonshire House, owned by Pontegadea, in London.

Amancio Ortega, Inditex’s largest shareholder and one of the richest people in the world, has decided to undertake a reorganisation of his property portfolio. The founder of the world’s largest textile group controls his assets, including his 59.29% stake in Inditex, through three companies: Pontegadea, Partler and Grilse. Through those three companies, he owns various real estate assets worth 15 billion euros in total, which have now been reordered into new companies.

As published in the Official Gazette of the Mercantile Registry, Pontegadea has carried out various corporate management operations to simplify its structure, including: the absorption of the company Grilse – the owner of real estate assets in Spain, such as the Casas Novas equestrian centre, in A Coruña – by Pontegadea Spain.

Read the full article in Spanish.

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