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Neinor Homes Buys 79% Stake in Aedas Homes for EUR740 Million

MT Newswires·12/18/2025 00:22:05
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12:22 AM EST, 12/18/2025 (MT Newswires) -- Neinor Homes (HOME.MC) said Wednesday it acquired 34,610,761 shares, or a 79.20% stake, in fellow property developer Aedas Homes (AEDAS.MC) for a total of 740 million euros. The Spanish residential developer acquired the shares at 21.335 euros apiece under its first voluntary tender offer for Aedas between Nov. 27 and Dec. 11. Settlement is expected by Dec. 22. Neinor Homes plans to launch a follow-on mandatory tender offer for the remaining Aedas shares at 24 euros apiece. The second offer will begin once necessary regulatory approvals are received.