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The CNMV Approves Millenium’s Capital Increase

The National Securities Market Commission has approved the prospectus for the €150 million capital increase that the hotel Socimi wants to carry out.

Javier Illán Millenium Bolsa 1024x1002 1
Javier Illán, CEO of the Socimi Millenium Hoteles, at the firm’s stock market debut.

On Thursday, the Socimi Millenium Hotels Real Estate, which specialises in the 4- and 5-star hotel segment, launched a capital increase amounting to 150 million euros following the approval and registration of its information prospectus by the National Securities Market Commission (CNMV).

The capital increase, which grants pre-emptive subscription rights to current shareholders, will be carried out through the issue and placement into circulation of up to 30 million shares at a price of 5 euros per share.

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