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Announced

22 Jun 2022

Completed

22 Jun 2022

El Corte Inglés completed the acquisition of a 5.53% own stake from Primefin for €387m.

Synopsis

El Corte Inglés, an operator of a retail department store, completed the acquisition of a 5.53% own stake from Primefin, a forex broker and service provider, for €387m. "The operation is carried out without increasing debt and with own resources," El Corte Inglés.

Principals

target

El Corte Ingles (primefin's Stake)

bidder

El Corte Ingles

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Market Context

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Bidder Team (8)

victor del pozo

Managing Director at EL CORTE INGLES SA

Manager

bidder

Deals

£ 1.30 B

Total Value

javier gutierrez

Perez Llorca

Lawyer

bidder

Deals

£ 3.49 B

Total Value

natalia olmos perez

Associate at Perez Llorca

Lawyer

bidder

Deals

£ 1.26 B

Total Value

marta alvarez guil

Chairman at EL CORTE INGLES SA

Manager

bidder

Deals

£ 1.30 B

Total Value

francisco de leon

Of Counsel at Perez Llorca

Lawyer

bidder

Deals

£ 6.13 B

Total Value

yulia kalyuzhyna

Associate at Uria Menendez

Lawyer

bidder

Deals

£ 549 M

Total Value

clara muñoz

Senior associate at Uria Menendez

Lawyer

bidder

Deals

£ 1.57 B

Total Value

javier ruiz camara

Partner at Uria Menendez

Lawyer

bidder

Deals

£ 652 M

Total Value

Vendor Team (2)

javier mendez

Associate at Baker McKenzie

Lawyer

vendor

Deals

£ 4.71 B

Total Value

rosemary mafuz

Counsel at Baker McKenzie

Lawyer

vendor

Deal

£ 334 M

Total Value

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