Arima Real Estate SOCIMI SA (ES:ARM) has released an update.
Arima Real Estate SOCIMI S.A. has announced a capital reduction set at 259,829,410 euros, with the shares fully subscribed and paid-up, but without returning contributions to shareholders since the company holds the shares to be reduced. The capital reduction will proceed after a creditor opposition period, followed by a modification of the Corporate Bylaws and the exclusion of the amortized shares from trading on multiple stock exchanges. This move precedes the potential voluntary public takeover bid by JSS Real Estate SOCIMI, S.A.
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