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| Realia to float up to 47.7% Realia, the real estate group owned by FCC and Caja Madrid, has unveiled a public offering of 47.7% of capital, equivalent to 31,782,558.48 euro. The placement will consist of two tranches: one international and one domestic. Within the domestic tranche, one-third will be for institutional investors and the remainder for retail investors. The global coordinators are Caja Madrid and JP Morgan. Realia will be listed on Spain's electronic market (SIBE) from 6 June 2007. Applications will be pro-rated on 4 June, when the shares will be priced. Trading is expected to commence on Spain's electronic market two days later. write your comments about the article :: © 2007 Construction News :: home page |