Colonial increases its stake in Axiare to 29% and launches a takeover bid

Colonial has acquired an additional 13.3% of Axiare's share capital from former shareholders of the company, including Pelham Capital’s 9% stake, and has launched a voluntary tender offer to acquire the remaining 71.4% of „Axiare Patrimonio Socimi SA “. The consideration offered to shareholders of Axiare consists of €18.50 per…