Millennium has launched a new capital increase. The Socimi specialising in the hotel sector is going to ask the market for an extra 160 million euros, whereby fulfilling the mandate it obtained to close new capital increases amounting to 250 million euros.
Before this, Castlelake, the investment fund that owns a stake in the property developer Aedas Homes, committed 80 million euros, whereby becoming the largest shareholder of the vehicle. At the end of the year, the fund owned 42.5% of Millenium, a percentage that could increase in the coming weeks, up to a maximum of 49.99%.
Read the full article in Spanish.
