Spain's Hispania says drops bid for Realia
MADRID, July 23 (Reuters) - Spanish property investor Hispania said on Thursday it had withdrawn a bid for real estate company Realia in view of a competing offer launched in June by Inmobilaria Carso.
Carso, the property group of Mexican billionaire Carlos Slim, launched a bid for Realia in March valuing it at 0.58 euros per share, compared to Hispania's November bid of 0.49 euros per share, around a third less than its then market value.
Realia is majority-owned by lender Bankia and Spanish builder and services company FCC. (Reporting By Sonya Dowsett, editing by John Stonestreet)
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