This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.
Vía Célere, a company specializing in the development, investment and management of residential assets, based on innovation and sustainability hired Borja Fernandez last October with the aim of having him lead the corporation into IPO, which Värde, the fund which controls Vía Célere, wants to see listed this year.
The company is already incorporating a new manager to assume this function, but the process could slow down Vía Célere launch onto the stock market.
According to sources, it seems that Värde would have difficulties sealing a merger with another promoter that would enable Vía Célere to gain entry into the stock market.
Taking this into consideration, the US fund has analyzed mergers with Aelca, a company which already controls 51%, and has even held talks with the already quoted Neinor Homes. In the case of Aelca, with which the operation could seem feasible, the problem is that the participation of Värde in both companies was carried out through two different vehicles.
The promoter has already included Dospuntos' assets in its portfolio last year, but its main shareholder still wants more. Currently, Vía Célere has a 1.4 million square meter land exchange with the capacity to develop up to 12,200 homes in Spain and Portugal.
Discarded completely and the first internal proposal of IPO before summer, it is impossible to determine when the Vía Célere bell could play, without discarding the possibility that it ends up giving up its leap into the stock market.
Not in vain, and according to the same sources, there would already be some of the placement banks that the promoter hired for the process of becoming a listed company that has recommended its directors to delay their sine die plans.
This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.
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