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BME Growth Approves Listing of Inbest VII

Inbest VII will be the fourth company to join the BME Growth index this year, following the debut of Adriano, Arteche and Parlem Telecom.

The BME Growth Market Coordination and Incorporations Committee has approved the inclusion of Inbest VII Inmuebles Socimi in the index with a favourable evaluation report sent to the company’s board of directors.

The board of Inbest VII has set a value for each of its shares of one euro, valuing the Socimi at 13.8 million euros.

Deloitte will be the company’s registered advisor, while Renta 4 Banco will act as its liquidity provider.

The socimi does not own properties directly but holds them through its participation in end-use vehicles through which they are bought, managed and sold.

Currently, these vehicles have a portfolio of buildings and commercial premises located mainly in Madrid, Valencia, Bilbao and Las Palmas.

Read the full article in Spanish

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