Urgent.News

What's breaking now, across thousands of outlets.

Business

Neinor speeds up its dividend plan and launches a delisting takeover bid on Aedas

Neinor is accelerating its dividend plan to pay out €220 million by the second quarter of 2027 and is launching a delisting takeover bid on Aedas, which now only has 1.85% of its capital floating as the rest is in the hands of the Basque promoter.

Translated from Spanish Read in Spanish

Neinor speeds up its dividend plan and launches a delisting takeover bid on Aedas

Neinor is accelerating its dividend plan to pay €220 million to shareholders by the second quarter of 2027. The company will make quarterly payments, starting with a €80 million payment in December 2026, and two additional payments of €70 million each in February and April/May 2027. Neinor also announced a takeover bid to delist Aedas, offering €24 per share for the 809,681 shares not already owned by Neinor, which represents a 98.15% stake.

The total dividend payout over the next two years is expected to be €555 million, representing a 35% return on the current stock price.

Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.

Read the original at expansion.com →

More in Business

More from Friday 30 October →