Riofisa is backing a EUR 2 bn takeover offer made by peer Inmocaral. At EUR 44.31 per share, the offer is 4.2% lower than Riofisa's closing price last Friday. The deal is expected to create the largest property company in Spain which, with a market value of EUR 14.846 bn, will place it ahead of Metrovacesa, currently valued at EUR 13.33 bn.
Private asset management company Kryalos has completed the acquisition of a light industrial property in Rome, through its Mars fund.
