trending Market Intelligence /marketintelligence/en/news-insights/trending/zHE7eCnJVoP4qjC9qQjPAg2 content esgSubNav
In This List

Hispania Activos shareholders to vote on SOCIMI conversion, absorption of subsidiary

CASE STUDY

Deep Market Intelligence Helps a Credit Union Craft a Successful Expansion Plan

Blog

Global M&A By the Numbers: Q1 2022

Blog

Data Stories: Data insights to help alleviate business complexity amid geopolitical risks

Blog

M&A, IPOs hit a speed bump in early 2022


Hispania Activos shareholders to vote on SOCIMI conversion, absorption of subsidiary

HispaniaActivos Inmobiliarios SA's board proposed 11 resolutions at thecompany's scheduled May 5 shareholders' meeting, including a proposal toconvert into a SOCIMI and a related merger.

According to an April 1 notice to shareholders, the boardhas proposed the examination of the planned conversion, which, if approved, will see the companychange its name and amend, as well as pass additional by-laws.

If the conversion is approved, shareholders will also reviewand vote on the merger by absorption of subsidiary Hispania Real SOCIMI SAU bythe company.

Hispania is the sole shareholder of Hispania Real, accordingto the filing, so an exchange of shares or cash is not required, and HispaniaReal's shares will be canceled if the merger is approved.