Enrique Banuelos, chairman of Astroc Mediterraneo, has agreed to sell a 17% stake in the Spanish real estate company to peer Nozar for EUR 261 mln, or EUR 12.40 a share - just about 20% less than the company's current share price. The transaction will increase Nozar’s holding in Astroc to just under 25%. Banuelos will retain 31% of the company's shares.
Private asset management company Kryalos has completed the acquisition of a light industrial property in Rome, through its Mars fund.
