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The Socimis Lose A Third of Their Stock Market Value Due to the Pandemic

The combined market capitalisation of Colonial, Merlin, Lar España and Árima amounted to €8.378 billion at the end of 2020, down by 34.4% compared to a year earlier.

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The main Socimis on the Spanish Stock Exchange lost more than a third of their value in 2020 due to the impact of Covid, which also led to a significant decrease in the number of firms making their debuts on the alternative market. Just six firms made the leap in 2020.

The shares of Socimis have been trading below their gross asset values (GAV) for years. Only Colonial has managed to overcome this situation.

Read the full article in Spanish.

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