Spanish REIT Hispania Activos Inmobiliarios has agreed to be bought by Blackstone Group for €2 billion ($2.3 billion).
Alzette Investment, a vehicle managed by Blackstone, has submitted a binding proposal to amend a voluntary takeover bid it launched on June 12.
The offer increased from €17.45 ($20.39) for each Hispania share to a revised bid price of €18.25 ($21.32) a share.
As announced by Hispania to the National Securities Market Commission, the Spanish government agency, the documents with the improvement of the Blackstone offer will be submitted no later than Thursday, June 28.
