Artea SA acquired 96.7% stake in Medea Société Anonyme from Metrovacesa, S.A.
October 18, 2013 at 12:00 am EDT
Share
Artea SA acquired 96.7% stake in Medea Société Anonyme (ENXTPA:MEDE) from Metrovacesa, S.A. for €0.51 million on October 16, 2013. Under the terms of agreement, Artea acquired 0.57 million shares at €0.9 per share. Alexis Marraud des Grottes, Julien Baubigeat, Emmanuelle Surre and Edouard Capdeville of Orrick Rambaud Martel acted as legal advisor and with Cédric Beudin and Rodolphe Ossola, Laure Ravel d'Estienne of Atout Capital acted as financial advisor to Metrovacesa, S.A. Muriel Goldberg-Darmon, Emmanuel El Medioni and Guillaume Guerin of Dentons acted as legal advisor and Laurent Durieux of Kepler Cheuvreux acted as financial advisor to Artea SA.
Artea SA completed the acquisition of 96.7% stake in Medea Société Anonyme (ENXTPA:MEDE) from Metrovacesa, S.A. on October 16, 2013.
Metrovacesa SA, formerly Metrovacesa Suelo y Promocion SA, is a Spain-based real estate developer. The Company specializes in construction and sale of sustainable housing, both single-family and multi-family residential properties. Its activities also include promotion, urbanization and parceling of real estate in general, as well as real estate management for own benefit or on behalf of third parties. Its asset portfolio includes more than 6 million square meters of building land across Spain, as well as already developed properties in cities, such as Malaga, Almeria, Cordoba, Barcelona and Madrid, among others.
METROVACESA S.A. 
