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 – Second OPA at €24 for Minorities Reshapes the Arb

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

Event-Driven

<ul>
<li>Neinor Homes has received CNMV authorisation to launch the mandatory OPA for Aedas Homes at €24.00, confirming the equitable price and removing regulatory uncertainty.</li>
<li>Acceptance runs 30 Jan–27 Feb; settlement expected shortly after. With execution risk eliminated, the trade compresses to a short-dated, high-certainty carry into cash settlement.</li>
<li>At ~€23.9, AEDAS offers limited upside and capped downside: gross spread is modest, IRR driven by timing, not deal risk; no realistic path to a higher price.</li>
</ul>


Neinor Homes has received CNMV authorisation to launch the mandatory OPA for Aedas Homes at €24.00, confirming the equitable price and removing regulatory uncertainty.
Acceptance runs 30 Jan–27 Feb; settlement expected shortly after. With execution risk eliminated, the trade compresses to a short-dated, high-certainty carry into cash settlement.
At ~€23.9, AEDAS offers limited upside and capped downside: gross spread is modest, IRR driven by timing, not deal risk; no realistic path to a higher price.


네이노르 홈즈/에이다스 홈즈: 필수 OPA 승인 완료 – 최종 실행 단계 시작

Aedas Homes SA

네이노르 홈즈/에이다스 홈즈: 필수 OPA 승인 완료 – 최종 실행 단계 시작