Neinor Homes receives regulator nod for AEDAS share offer

Spanish residential developer Neinor Homes has received approval from the Spanish Securities Market Commission (CNMV) to initiate a mandatory tender offer (MTO) for the remaining shares of AEDAS Homes. 

Residential - Neinor Homes

This MTO is the final stage of Neinor's acquisition of AEDAS. It follows a successful voluntary tender offer in December 2025, where Neinor secured a controlling 79.20% stake in AEDAS. The current offer price of €24.00 per share represents a 12.5% premium over the €21.335 per share paid in the voluntary offer.
The acceptance period for this tender offer will run until 27 February inclusive, with settlement expected shortly after. This MTO provides the remaining minority shareholders of AEDAS with an opportunity to sell their shares at an equitable price.
Borja García-Egotxeaga, CEO of Neinor Homes, commented: “This mandatory tender offer is being launched in line with the roadmap we communicated to the market and in accordance with the terms approved by the CNMV. Following the acquisition of control, this step ensures full compliance with all applicable regulatory requirements.”
Jordi Argemí, Deputy CEO and CFO of Neinor Homes, added: “This milestone allows us to move forward on the transaction process and focus on managing Spain’s leading residential development platform, while continuing to pursue disciplined growth in line with our strategy.”