Martinsa's full bid for Fadesa approved

Property group Martinsa's EUR 4.045 bn takeover bid for Spanish peer Fadesa Immobiliaria has received the green light from the country's stock market regulator CNMV. In a statement, the stock authority said the bid of EUR 35.70 per share is conditional on a minimum acceptance of 54%. It noted, however, that Fadesa's majority shareholder Manuel Jove has already agreed to sell his 54.6% interest.

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