Finance
Spain's Neinor Homes launches $1.2 billion takeover bid for rival Aedas
Published by Global Banking & Finance Review®
Posted on June 16, 2025
2 min readLast updated: January 23, 2026
Quick Summary
Neinor Homes proposes a €1.07 billion takeover of Aedas Homes, potentially becoming Spain's largest residential developer. The deal is backed by Aedas' major shareholder.
Neinor Homes Proposes €1.07 Billion Acquisition of Aedas Homes
MADRID (Reuters) -Spanish homebuilder Neinor Homes has offered to buy all shares of its rival Aedas Homes for 1.07 billion euros ($1.24 billion), a deal that could shake up Spain's residential property sector.
If approved, the takeover would make Neinor the largest residential developer in Spain, with the ability to build over 43,000 homes in coming years, the company said in a regulatory filing on Monday.
The takeover would give Neinor control of around 20,200 homes in Aedas' portfolio, mainly located in the Madrid region.
Neinor said it expected the deal to boost its profits by 40% between 2025 and 2027, allowing it to raise shareholder payouts by nearly half over the same period.
The deal is backed by Aedas' largest shareholder Castlelake, which owns 79% of the company. Castlelake has agreed to sell its stake for 24.49 euros per share, or 21.34 euros per share after a planned Aedas dividend.
Neinor said it aimed to complete the acquisition by the end of this year and finance it through a mix of its own funds, a capital raise and loans.
($1 = 0.8639 euros)
(Reporting by David Latona; Editing by Susan Fenton)
Key Takeaways
- •Neinor Homes offers €1.07 billion for Aedas Homes.
- •The deal could make Neinor the largest developer in Spain.
- •Neinor aims to build over 43,000 homes post-acquisition.
- •Aedas' largest shareholder, Castlelake, supports the deal.
- •Completion expected by the end of the year.
Frequently Asked Questions about Spain's Neinor Homes launches $1.2 billion takeover bid for rival Aedas
1What is the value of Neinor Homes' takeover bid for Aedas Homes?
Neinor Homes has offered to buy all shares of Aedas Homes for 1.07 billion euros, which is approximately $1.24 billion.
2How many homes would Neinor control after the acquisition?
If the acquisition is approved, Neinor would gain control of around 20,200 homes from Aedas' portfolio, primarily located in the Madrid region.
3What financial benefits does Neinor expect from the deal?
Neinor anticipates that the takeover will boost its profits by 40% between 2025 and 2027, enabling it to increase shareholder payouts by nearly half during that period.
4Who is backing Neinor's takeover bid?
The deal is supported by Aedas' largest shareholder, Castlelake, which owns 79% of the company and has agreed to sell its stake for 24.49 euros per share.
5When does Neinor plan to complete the acquisition?
Neinor aims to finalize the acquisition by the end of this year, financing it through a combination of its own funds, a capital raise, and loans.
