Bank J Safra Sarasin Ltd, the Switzerland-based investment bank is to acquire Arima Real Estate SOCIMI SA, the Spain based REIT focused on commercial properties. The consideration was EUR 223.7131m ($ 242.68m). The consideration is based on a cash offer price of EUR 8.61 per share for 25,982,941 shares excluding 2,446,435 treasury shares. The deal is subject to Arima and J Safra Sarasin shareholder’s approvals and antitrust clearances. 16 Oct 24 – The National Securities Market Commission (CNMV) has approved the transaction. 24 Oct 24 – The Board of Directors of Arima Real Estate have issued a favorable report on the takeover bid.
AZ Capital served as sell side advisor to Arima Real Estate SOCIMI SA.
Advised in the sale of
Arima Real Estate SOCIMI SA
to