The share price of Merlin Properties, which is the target of the famously guarded Canadian-American investment giant, has fallen by nearly 40% so far this year. Shares in the socimi were trading at 12.79 euros in price and is now down to €7.58.
The investment group Brookfield wants to take a stake in Merlin and is even considering a takeover bid for the real estate company, which currently has a stock market capitalization of roughly 3.3 billion euros. On Tuesday, shares in the company managed by Ismael Clemente rose by almost 10%, after it became known that the investor Juan Abelló had taken a one-million-euro position in the firm.
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