Neinor shares soar after it files tender offer to buy rival Aedas
Published by Global Banking & Finance Review®
Posted on June 17, 2025
1 min readLast updated: January 23, 2026

Published by Global Banking & Finance Review®
Posted on June 17, 2025
1 min readLast updated: January 23, 2026

Neinor Homes' shares surged 14% after proposing a €1.07 billion acquisition of Aedas Homes, aiming to become Spain's largest residential developer.
(Reuters) -Shares of Neinor Homes jumped early on Tuesday after the Spanish homebuilder offered to buy all of its rival Aedas Homes' shares in a deal potentially worth 1.07 billion euros ($1.24 billion).
Neinor shares were up 14% in early trading to 15.58 euros - their highest level since February - and on track for their best day ever.
Aedas shares, meanwhile, fell around 9.5% to 24.7 euros, a bit higher than the 24.49 euros offered by Neinor.
Aedas' largest shareholder - private equity firm Castlelake, which owns 79% of the company - already agreed to sell its stake at the offered price.
The transaction is "very positive for Neinor because it is purchasing at a significant discount," broker Sabadell said in a note to investors.
If successful, the takeover would make Neinor the largest residential developer in Spain, giving it control of around 20,200 homes in Aedas' portfolio, mainly in the Madrid region where residential real estate prices are soaring.
(Reporting by Tiago Brandao; Editing by Inti Landauro and Joe Bavier)
Neinor shares jumped 14% in early trading to 15.58 euros.
Aedas shares fell around 9.5% to 24.7 euros, slightly above the 24.49 euros offered by Neinor.
Aedas' largest shareholder is private equity firm Castlelake, which owns 79% of the company and has agreed to sell its stake at the offered price.
If successful, the takeover would make Neinor the largest residential developer in Spain, controlling around 20,200 homes in Aedas' portfolio.
Broker Sabadell noted that the transaction is 'very positive for Neinor' as it is purchasing at a significant discount.
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