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    MVC   ES0105122024

METROVACESA S.A.

(MVC)
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Delayed Bolsas y Mercados Espanoles  -  11:38 2022-08-10 am EDT
6.800 EUR   -0.15%
07/29Metrovacesa S.A. Reports Earnings Results for the Half Year Ended June 30, 2022
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07/29TRANSCRIPT : Metrovacesa S.A., Q2 2022 Earnings Call, Jul 29, 2022
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07/28METROVACESA S A : will invest more than 18.8 million euros for the launch of Torre Arenal, its new development in Seville.
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Carlos Slim's bid for 24% of Metrovacesa accepted by holders of 11.47% of capital

06/20/2022 | 12:29pm EDT

MADRID, June 20 (Reuters) - Shareholders in Spain's housing developer Metrovacesa owning just 11.47% of its capital have a accepted a tender offer by Mexican billionaire Carlos Slim's Spanish construction firm FCC for a 24% chunk of the company, the CNMV market supervisor said.

Slim had sought to sharply increase his 5.5% stake in Metrovacesa via the 284 million-euro ($312.29 million) partial bid and rival the two key shareholders, Spanish banks Santander and BBVA, with 49.4% and 20.8%, respectively.

FCC did not immediately reply to a request for comment on whether it would proceed with the acquisition of the additional stake that would lift Slim's total share of the company to 16.87%.

Slim, whose net worth has been estimated at $62 billion by Forbes magazine, has been betting on Spanish real estate and infrastructure. His holding company, Inversora de Carso, also controls real estate developer Realia.

(Reporting by Corina Pons, editing by Andrei Khalip)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BANCO SANTANDER, S.A. 2.29% 2.6145 Delayed Quote.-13.08%
BBVA 0.66% 4.709 Delayed Quote.-10.90%
FOMENTO DE CONSTRUCCIONES Y CONTRATAS, S.A. -0.11% 9.19 Delayed Quote.-16.97%
METROVACESA S.A. -0.15% 6.8 Delayed Quote.-4.35%
All news about METROVACESA S.A.
07/29Metrovacesa S.A. Reports Earnings Results for the Half Year Ended June 30, 2022
CI
07/29TRANSCRIPT : Metrovacesa S.A., Q2 2022 Earnings Call, Jul 29, 2022
CI
07/28METROVACESA S A : will invest more than 18.8 million euros for the launch of Torre Arenal,..
PU
07/27METROVACESA S A : starts marketing Oceana Gardens I, its new development in Estepona, Mala..
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07/27METROVACESA S A : Tishman Speyer and Metrovacesa sign a lease agreement with a large multi..
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07/21METROVACESA S A : reserves real homes through NFTs in the Malaga Towers development worth ..
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07/21METROVACESA S A : obtains planning permission for the construction of Imspira F3
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07/11METROVACESA S A : starts the construction of its sixth development in Terrasa, located in ..
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07/04METROVACESA S A : starts the commercialization of Novolérez III, its new development in Po..
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06/20Carlos Slim's bid for 24% of Metrovacesa accepted by holders of 11.47% of capital
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Financials
Sales 2022 631 M 645 M 645 M
Net income 2022 36,5 M 37,3 M 37,3 M
Net Debt 2022 226 M 231 M 231 M
P/E ratio 2022 28,1x
Yield 2022 15,8%
Capitalization 1 031 M 1 055 M 1 055 M
EV / Sales 2022 1,99x
EV / Sales 2023 1,82x
Nbr of Employees 208
Free-Float 2,89%
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Technical analysis trends METROVACESA S.A.
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TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 6
Last Close Price 6,81 €
Average target price 8,15 €
Spread / Average Target 19,7%
EPS Revisions
Managers and Directors
Jorge Pérez de Leza Eguiguren Chief Executive Officer & Director
Borja Tejada Rendón-Luna Chief Financial Officer
Ignacio Moreno Martínez Chairman
Eduardo Carreño Chief Operating Officer
Beatriz Puente Ferreras Independent Director
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