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Astroc, Aisa agree to merge; to approve conditions next month - report


Published : Thu, 13 Sep 2007 08:16
By : Agencies
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MADRID (Thomson Financial) - Astroc Mediterraneo SA and Catalan property group Aisa have agreed on terms to merge, and could close the deal as soon as mid-October, La Gaceta de los Negocios reported, citing unnamed sources at Astroc.

The two realtors' management met yesterday to discuss the matter.

According to the newspaper, the tie-up is likely to happen after Astroc completes its merger with Rayet Promocion and Landscape.

Astroc is due to hold a board meeting on Sept 26.

tfn.europemadrid@thomson.com

ccs/jdy/slm

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