As previously communicated, Neinor expects to launch a subsequent mandatory tender offer at €24.00/share, representing a 12.5% premium over the voluntary offer price, subject to CNMV's authorisation
Madrid, 17 December, 2025, Neinor Homes ("Neinor"), Spain's leading listed residential developer, announces that it has successfully completed the first Voluntary Tender Offer for AEDAS Homes ("AEDAS"), securing a 79.20% stake in the company after acquiring 34,610,761 shares at a price of €21.335 per share, representing a total investment of c. €740mn. The acceptance period ran from 27 November to 11 December, and settlement of the transaction is expected to take place on 22 December.
Following completion, Neinor's Deputy CEO and CFO, Jordi Argemí, will join the Board of Directors of AEDAS Homes, replacing Eduardo D'Alessandro, former director appointed by Castlelake.
By reaching the 79.20% threshold, Neinor achieves the central milestone of the acquisition roadmap for AEDAS, completing this phase of the transaction swiftly and in an orderly manner. As previously communicated to the market, Neinor has committed to launching a subsequent mandatory tender offer at €24.00 per share, representing a 12.5% premium over the voluntary offer price, subject to CNMV authorisation. The €24.00 price matches AEDAS's share price prior to the announcement of the voluntary offer (adjusted for the dividend ...
