Lar Espana Real Estate ate ate SOCIMI (ES:LRE) has released an update.
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Helios RE, S.A., a special purpose entity backed by Hines European Real Estate Partners III and Grupo Lar Retail, has announced a voluntary public takeover bid for 100% of Lar España Real Estate SOCIMI, S.A. The offer’s detailed terms will be disclosed following approval from the National Securities Market Commission. Shareholders must notify the CNMV when their voting rights reach or exceed certain thresholds, and Lar España’s liquidity contract operations are suspended as of the announcement.
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