MERLIN Properties Finalizes Major Capital Increase

MERLIN Properties SOCIMI SA (ES:MRL) has released an update.

MERLIN Properties SOCIMI, S.A. has completed a capital increase of approximately 920.75 million euros, issuing nearly 94 million new shares at 9.80 euros each, which is a 4.67% discount from the previous day’s closing price. Major stakeholders, including Banco Santander and Nortia, maintained their shareholdings, while executive directors also participated to preserve their stakes. The new shares are expected to begin trading on the Spanish Stock Exchanges and Euronext Lisbon by July 25, 2024.

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