MERLIN Properties Announces Major Capital Increase

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

MERLIN Properties SOCIMI, S.A. is set to expand its business, particularly in the Data Centers sector, by announcing a capital increase through the issuance of approximately 20% new shares. This capital raise will exclude preferential subscription rights and will be executed via an accelerated private placement aimed at qualified investors. Major shareholders and executive directors have committed to participate, with new shares expected to trade on multiple Spanish stock exchanges and Euronext Lisbon by late July 2024.

For further insights into ES:MRL stock, check out TipRanks’ Stock Analysis page.