Grupo Lar
Lar España
Financial co-advisor on the takeover bid over Lar España by Grupo Lar and Hines
AZ Capital, jointly with Morgan Stanley, has been the financial advisor of Grupo Lar on the takeover bid over Lar España by the consortium formed by Grupo Lar and Hines.
The Tender Offer entails a 100% cash payment for €8,1 per share, which represents (i) a premium of ~16% over the last closing price, (ii) a premium of ~17% over the L1M VWAP and (iii) a premium of ~25% over the L6M VWAP. The total offer represents a valuation of Lar España’s equity of ~€678m
Lar España Real Estate SOCIMI is a Spanish real estate investment company focused mainly on retail properties, which include 9 shopping centers and 3 retail parks in Spain.
Sector: Real Estate y Hoteles
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Buy-side advisory
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