Colonial raises €416m to finance its takeover of rival Axiare Patrimonio

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By Jon Hay
28 Nov 2017

Inmobiliaria Colonial, the Spanish property company, has raised €416m to partly finance its bid for rival Axiare Patrimonio.


JP Morgan was global co-ordinator, Goldman Sachs and Kempen & Co bookrunners. BNP Paribas, Crédit Agricole and Natixis were co-bookrunners.

Launched after the market close on Tuesday, the base deal consisted of up to 42.8473m primary shares, or 10.92% of Colonial's capital. There was an option to increase ...

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