European Event-Driven Analyst

Jesus Rodriguez Aguilar

Jesús is an Insight Provider (Event-driven) on the Smartkarma network, where he looks across sectors at opportunities arising from securities mispricing (both credit and equity), share classes, bid announcements, prospective bids, and special situations. He has served as Economic and Business Advisor at the Spanish Congress in Madrid. Prior to that, he has worked in the City of London: as a Credit Analyst at Bloomberg; Event-driven associate at former boutique European Research; and doubled as Special Situations and Equity-linked VP (convertible bonds) at Merrill Lynch. Jesús has an MBA from the London Business School, a BA (Hons.) degree in Economics from the Complutense University in Madrid, and a BA (Hons.) in Law from U.N.E.D., also in Madrid.

CNMV Clears Neinor’s OPA; Mandatory €24 Offer for Aedas Minorities Now Base Case

Neinor. Aedas Homes: EGM Set, Regulatory Clearance Secured — But No Sweetener Yet

Neinor / Aedas Homes – Second OPA at €24 for Minorities Reshapes the Arb

Event-Driven

<ul>
<li>Neinor has secured 79.2% of AEDAS, triggering a mandatory OPA at a €24.00 minimum, with CNMV approval now the only remaining step.</li>
<li>With the stock at €23.85, downside is tightly capped by the €24.00 floor, while upside depends on any CNMV-mandated “equitable price” uplift.</li>
<li>The situation is no longer binary: execution risk is minimal, and the trade now offers low-risk carry with limited but asymmetric regulatory optionality.</li>
</ul>


Neinor has secured 79.2% of AEDAS, triggering a mandatory OPA at a €24.00 minimum, with CNMV approval now the only remaining step.
With the stock at €23.85, downside is tightly capped by the €24.00 floor, while upside depends on any CNMV-mandated “equitable price” uplift.
The situation is no longer binary: execution risk is minimal, and the trade now offers low-risk carry with limited but asymmetric regulatory optionality.


Neinor-Aedas Homes: Mandatory OPA Triggered — Low-Risk Carry With CNMV Optionality

Aedas Homes SA

Neinor-Aedas Homes: Mandatory OPA Triggered — Low-Risk Carry With CNMV Optionality