Merlin Properties set the issue price for the placement of around 10% of its capital at 13.64 euros per share, totaling 767.6 million euros, allocated to the third phase of the data center plan.
This price is equivalent to Merlin’s last quotation price on Wednesday, which is why the shares are issued without a discount in relation to it, according to a statement to the Securities and Exchange Commission (CVM).
Of this amount, one euro corresponds to the nominal value and 12.64 euros to the issue overvaluation.
With the capital increase, Banco Santander and Nortia will hold shares of 24.71% and 8.5%, respectively, of Merlin’s share capital.
The capital increase, according to Efe, was carried out through a private placement process and aimed exclusively at qualified investors, involving the issuance of 56,275,101 new shares.
Banco Santander and Nortia participated in the operation and subscribed, respectively, 13,904,917 and 6,625,801 shares.
The three entities made a commitment not to sell shares for 60 days from the date of execution and capital increase.
The shares should be admitted to the Barcelona, Bilbao, Madrid and Valencia stock exchanges today and should begin to be listed on the Spanish stock exchanges on Friday.
After admission to the Spanish stock exchanges, these new shares must also be listed on the regulated Euronext Lisbon market.
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