Monday, January 17, 2022
HomeCompaniesMerlin's Shar...

Merlin’s Share Price Soars by 10% as Rumours Abound of a Possible Takeover Bid by Brookfield

The Canadian investment group has expressed an interest in acquiring shares in the Socimi and even launching a takeover bid. Merlin's share price closed 10% higher on Tuesday.

Cuatro torres Fuente Merlin

The investment group Brookfield wants to acquire a stake in the share capital of the Socimi Merlin and is even considering launching a takeover bid for the real estate company, which currently has a market capitalisation of around 3,300 million euros.

On Monday, Merlin’s share price closed down by 0.64% at 6.94 euros, corresponding to a market capitalisation of 3,263 million euros, which represents a cumulative decrease of 45% so far this year. A shortage of sales orders saw Merlin’s share price blocked for around 45 minutes, until it awoke with a bang, to register increases of more than 13% and to close the day at 7.63 euros, up by 9.86%.

Read the full article in Spanish.

B-Exclusives

Latest news