The Blackstone Group International Partners LLP made an offer to acquire remaining 83.4% stake in Hispania Activos Inmobiliarios SOCIMI, S.A. (BME:HIS) for €1.6 billion on April 4, 2018. Blackstone offered €17.45 for each share of Hispania. As of April 4, 2018, The Blackstone Group International Partners LLP holds 16.6% stake in Hispania Activos Inmobiliarios SOCIMI, S.A. On June 22, 2018, The Blackstone Group International Partners LLP submitted a binding proposal to amend the voluntary takeover bid which consists in increasing the consideration offered from €17.45 per share to €18.25 per share resulting in a transaction price of €1.7 billion. The offer will be subject to acceptance of the offer by shareholders of Hispania holding in the aggregate 50% plus one share in Hispania and the authorization or the non-opposition by virtue of the expiration of the applicable waiting period by the Spanish National Commission of Markets and Competition and approval by National Securities Market Commission. The deal is approved by Board of Directors of Blackstone Group. As of April 16, 2018, the Board of Directors of Hispania termed the offer as unsolicited and announced that it will seek alternatives to maximize the value of Hispania. As of May 1, 2018, Blackstone has asked National Commission of Markets and Competition to approve the transaction. National Commission of Markets and Competition has one month to approve the operation, or submit it for deeper analysis.

As of May 4, 2018, the transaction was approved by National Commission of Markets and Competition. As of June 12, 2018, the Spanish Securities Market Commission approved the deal. As on June 13, 2018, Spanish Securities Market Commission informed that the acceptance period in the bid is to run from June 14, 2018, to July 13, 2018, both included. As of June 22, 2018, Hispania considers the revised bid price of €18.25 per share as attractive and that the Board of Directors of Hispania after receiving opinions from Goldman Sachs International Limited, UBS Limited and J.P. Morgan Securities plc, unanimously recommended that Hispania's shareholders accept the offer at the revised price. As of June 28, 2018, the National Securities Market Commission (CNMV) authorized the change of offer price and extension and offer acceptance period until July 16, 2018. Goldman Sachs International Limited, UBS Limited and J.P. Morgan Securities plc as financial advisors while Freshfields Bruckhaus Deringer and Luis de Carlos, Javier Redonet, Alfonso Ventoso and Alfonso Bernar of Uría Menéndez acted as legal advisors for the Board of Directors of Hispania. Michael Steele, David Holdsworth, Dipak Bhundia, Miroslav Tomo, Prem Mohan, Adam Skinner, Mike Robert-Smith of Kirkland & Ellis LLP acted as the legal advisors for The Blackstone Group International Partners LLP. Morgan Stanley acted as financial advisor to Blackstone Group LP. Credit Suisse (UK) Limited acted as financial advisor to Blackstone Group LP. J&A Garrigues, S.L.P. acted as legal advisor to The Blackstone Group International Partners LLP. Allen & Overy acted as legal adviser to Morgan Stanley. Inigo Gomez-Jordana of DLA Piper Rudnick Gray Cary Spain S.L acted as legal advisor for Azora Capital, manager of Hispania Activos Inmobiliarios SOCIMI.