Investing.com -- Neinor Homes SA, a prominent real estate firm, is reportedly considering the acquisition of a substantial stake in its competitor, Aedas Homes SA. This information comes from Bloomberg, citing individuals familiar with the situation.
Neinor Homes has expressed its interest to Aedas’ principal shareholder, Castlelake LP, in discussing a potential deal. The deal in question would involve the private equity firm’s 79% stake in Aedas Homes. Assisting Neinor Homes with the funding for this potential deal is Apollo Global Management (NYSE: APO ) Inc.
However, it is important to note that no final decision has been made regarding this potential acquisition. Furthermore, there is no guarantee that this expressed interest from Neinor Homes will result in a finalized deal.
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