Fidere Patrimonio Socimi, S.A. (BME:YFID) acquired Fidere Intermediacion y Patrimonios, S.L.U. (FIP) from third parties and an institution connected with Fidere Patrimonio Socimi, S.A. on July 14, 2016. The acquisition includes assumption of a loan obligation due by FIP in the sum of €6 million. The transaction was fully financed by means of a loan granted to Fidere Patrimonio Socimi, S.A. by its majority shareholder, Spanish Residential (REIT) Holdco, S.à r.l., for the sum of €1.6 million. Under the transaction, 70% of the FIP shares were acquired from third parties while the remaining 30% were acquired from the institution connected with Fidere Patrimonio Socimi, S.A. Alfonso Benavides, Juan Ignacio Guillén, Laura Fernández García, Laura Martín de Bustamante, María Pradillo, Andrés Berral, Carmen García-Renedo, Esperanza Sánchez-Minguet, Fernando Escribano, María Garay and Mónica Fernández of Clifford Chance LLP acted as legal advisors for Fidere Patrimonio SOCIMI. Fidere Patrimonio Socimi, S.A. (BME:YFID) completed the acquisition of Fidere Intermediacion y Patrimonios, S.L.U. (FIP) from third parties and an institution connected with Fidere Patrimonio Socimi, S.A. on July 14, 2016.