Inmobiliaria Colonial (ES:COL) has released an update.
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Park S.à r.l. and Sierra Nevada LP, under Aguila LTD., are exploring the sale of up to 31.6 million shares of Inmobiliaria Colonial through Deutsche Bank to institutional investors, representing about 5% of the company’s shares. This strategic move, executed via an accelerated bookbuilt offering, will not provide any proceeds to the company itself. The placement process is set to begin immediately, with Deutsche Bank as the sole global coordinator.
For further insights into ES:COL stock, check out TipRanks’ Stock Analysis page.