Merlin and Metrovacesa are close to finalizing their merger, creating the largest REITs on the Spanish market with assets worth around €9.3bn. The merger should be completed next week. The entity will be listed on the Madrid Stock Exchange’s Ibex 35 index. Santander will be its largest shareholder, with a 21.9-percent stake, followed by BBVA with a 6.4-percent stake and Banco Popular with 2.86-percent holding.
