Neinor Said to Show Interest in Rival Spain Developer Aedas
Neinor Homes SA has shown interest in acquiring a significant stake in rival Aedas Homes SA, according to people familiar with the matter.
Neinor has signaled to Aedas' main shareholder Castlelake LP its interest in discussing a potential deal for the private equity firm's 79% stake in Aedas, according to two people. Apollo Global Management Inc. is working with Neinor to provide funding for the deal, said the people, who asked not to be identified as talks aren't public.
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