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New International Investors Acquire Stakes in Metrovacesa Amidst Slim’s Takeover Bid

The entry into Metrovacesa's shareholding of the Bg Master Fund Icav, operated by Boussard & Gavaudan Investment Management, follows that of the manager DWS a few weeks ago.

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There is movement amongst Metrovacesa’s shareholders. In recent weeks, the residential property developer has seen the dance between its shareholders intensify. The capital movements come at a key moment: in the midst of a takeover bid by the Mexican tycoon Carlos Slim, the largest shareholder of Realia and FCC.

The latest investor to enter Metrovacesa’s shareholding is the hedge fund Bg Master Fund Icav. Operated by Boussard & Gavaudan Investment Management, it has completed the purchase of a 1.333% stake in the listed developer. On 13 May, it surpassed the 1% threshold that requires notification to the CNMV, triggering up to five notifications.

Read the full article in Spanish.


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