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Read More »Merlin creates largest Spanish REIT in merger deal with Metrovacesa
Bloomberg Merlin Properties Socimi SA and Metrovacesa SA agreed to combine their commercial and residential property businesses, creating Spain’s largest real estate investment trust. Merlin shares rose the most in five months. Merlin will pay €1.7 billion ($1.9 billion) in stock to the banks that own Metrovacesa and get a controlling stake in the combined firms’ commercial-property portfolio, issuing ...
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