Vitruvio Real Estate SOCIMI, S.A. (BME:YVIT) made an offer to acquire Única Real Estate Socimi, S.A. (BME:YURE) for €32.5 million on November 8, 2018. Pursuant to the terms, shareholders of Única will receive approximately €27.61 per share. Out of €27.61 per share consideration, at least 25% consideration is payable in shares of Vitruvio and a maximum of 75% in cash. The maximum cash amount paid will be €24.4 million while the remaining is payable in stocks. Vitruvio will finance the transaction from capital increase of €14.4 million, €1.65 million from available treasury and €8.3 million from credit lines. The transaction is subject to minimum acceptance condition of 51%, approval from 51% shareholders of Vitruvio in a general shareholders' meeting, once the favorable reports have been received from an independent expert designated by the Mercantile Registry and following the legal, technical and financial review. As of June 4, 2019, the transaction has been approved by the shareholders of Vitruvio Real Estate SOCIMI, S.A. The shareholders of Única Real Estate Socimi now have until June 19, 2019 to accept the purchase offer. As of June 26, 2019, the transaction has been approved by the shareholders of Única Real Estate Socimi. As of December 12, 2019, the transaction is expected to complete on December 18, 2019.

Vitruvio Real Estate SOCIMI, S.A. (BME:YVIT) completed the acquisition of Única Real Estate Socimi, S.A. (BME:YURE) on December 18, 2019.