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Market capitalisation of €951 million
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24th listing on Euronext in 2023
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5th international listing1 on Euronext in 2023, and 4th listing of a Spanish issuer on Euronext in 2023
Euronext today congratulates Montepino, a Spanish leader in logistics real estate, on its listing on Euronext Access Paris (ticker code: MLMTP).
Montepino’s assets are managed by Valfondo Gestión, a real estate investment management company dedicated to developing, commercializing and managing logistics real estate assets, while Bankinter Investment provides strategic advice to the company. Montepino owns 46 logistics assets through which it focuses on the development of logistics warehouses located in strategic corridors or sites for lease by logistics operators, packaging companies, last mile distributors or other companies that use the assets for the storage and distribution of products. The company promotes national and international solutions for the main logistics service providers operating on the Iberian Peninsula, as well as for leading companies in the tertiary and industrial sectors. Montepino aims through its listing on Euronext, to pursue its mission to build a new construction paradigm in logistics based on its ESG strategy, as well as to increase its activity in different areas of Catalunya and the Mediterranean corridor, and to expand its business to large urban centres.
Montepino’s listing on Euronext Access Paris was completed through the admission to trading on 6 June 2023 of 85,988,040 ordinary shares, through the technical listing procedure. The reference price was set at €11.07 per share. Market capitalisation was approximately €951,887,602.8 on the day of listing.
Juan José Vera, Managing Director of Valfondo IM, said: "Montepino's listing on Euronext is a milestone for a company with family origins which is now positioned as a leader in the logistics real estate sector in the Iberian Peninsula. The step we are taking today will undoubtedly support Montepino's ongoing progress towards achieving our targets for the coming years as we continue to work with our trademark determination and our unwavering commitment to the economic, social and sustainable development of the communities in which we operate”.
Fernando Moreno, Chairman of the Montepino Board of Directors and Managing Director of Business Banking at Bankinter, said: “We are delighted with this important step forward by Montepino today in its positioning as part of the leading platform for alternative investment vehicles, created and developed by Bankinter Investment since 2016. I am fully convinced that Montepino will enjoy robust growth over the years ahead”.
Caption: Fernando Moreno, from Bankinter, and José Vera and his team, rang the bell during a ceremony this morning, in the presence of Delphine d’Amarzit, CEO of Euronext Paris, to celebrate the listing of the company.
- Non-domestic company – headquarted outside of the 7 markets where Euronext operates in Europe
