Inmobiliaria Colonial (ES:COL) has released an update.
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Inmobiliaria Colonial has temporarily suspended its liquidity contract with Banco Sabadell as it plans to purchase treasury shares for a potential merger with its subsidiary, Société Foncière Lyonnaise. This move is also aimed at compensating employees and executives. The company will update the market regarding the resumption of the contract and the acquisition of treasury shares.
For further insights into ES:COL stock, check out TipRanks’ Stock Analysis page.