Sotogrande Luxco S.À.R.L. offered to acquire the remaining 1.07% stake in Sotogrande, S.A. for €1.5 million.
August 02, 2017
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Sotogrande Luxco S.À.R.L. offered to acquire the remaining 1.07% stake in Sotogrande, S.A. (CATS:STG) for €1.5 million on August 3, 2017. Under the terms of the offer, Sotogrande Luxco S.À.R.L. will offer €3.08 for each share of Sotogrande, S.A. (CATS:STG). The offer and delisting of Sotogrande, S.A. was approved by the shareholders of Sotogrande, S.A. As of September 1, 2017, Sotogrande Luxco S.À.R.L. submitted the offer to Comisión Nacional del Mercado de Valores (CNMV) for authorization. On November 29, 2017, Comisión Nacional del Mercado de Valores (CNMV) authorized the delisting takeover bid of Sotogrande. The acceptance period for the bid is between December 1, 2017 and December 15, 2017. On December 21, 2017, the Sotogrande's shares were accepted by 78.6% of the shares tendered in the bid.
Sotogrande SA is a Spain-based company engaged in the real estate business sector. The Company administrates, promotes and sales properties in San Roque. Its main activities are divided into three areas: Real Estate, Golf and Hotels. It manages the development of residential properties, moorings, garages, offices, as well as restaurants, hotels and golf fields. In addition, Sotogrande SA is a parent company of Grupo Sotogrande. The Group controls a number of companies, such as Club Deportivo Sotogrande SA, Resco Sotogrande SL, Donnafugata Resort Srl, Residencial Marlin SL, Los Alcornoques de Sotogrande SL, Santa Barbara Golf SA and Capredo Investment GmbH. Furthermore, the Company is a subsidiary of NH Hoteles SA, a worldwide chain of hotels.
SOTOGRANDE SA 
