Swiss multinational financial services holding Credit Suisse has acquired a 4.31% stake in the capital of Spanish real estate investment trust (REIT) Lar Espana.
In this way, Credit Suisse becomes one of the most significant shareholders in Lar Espana, together with US investment management firms Pimco and Franklin Templeton, which control 20% and 15%, respectively.
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The entry of a new shareholder did not manage to boost the share price of Lar Espana, which remains below EUR 7.
Lar Espana more than doubled its profit to a total of EUR 91.4 million in 2016.
Abstracted from an original article in Expansion (Credit Suisse toma el 4,3% de Lar, que no puede con los 7 euros) by E. Utrera.