Fadesa

Fadesa Inmobiliaria, S.A.
Sociedad Anónima
Traded as BMAD: FAD
Industry Real estate
Fate Acquired by Martinsa
Successor Martinsa Fadesa
Founded A Coruña, Spain (24 July 1980)
Founder Manuel Jove
Defunct 17 December 2007
Headquarters A Coruña, Spain
Area served
 Spain, Portugal, Morocco, Hungary, Poland
Key people
  • Manuel Jove, Chairman
  • Antonio de la Morena Pardo, CEO

Fadesa Inmobiliaria, S.A. was a Spanish real estate company.

In 2007, the company was the subject of a friendly takeover by rival Martinsa resulting in the creation of Martinsa-Fadesa.

History

Fadesa was established on 24 July 1980 by Manuel Jove as Edificaciones Coruñesas, S.A..[1] On the 31 October 1997, Edificaciones Coruñesas bought Urbanizador Inmobiliaria Fadese, S.A.U., Indelar S.A.U., and Coditecsa, S.L.U. adopting the corporate name of one of these companies - Urbanizadora Inmobiliaria Fadese, S.A. (Fadesa). On 23 April 1999 Urbanizadora Inmobiliaria Fadese changed their name to Fadesa Inmobiliaria, S.A..

At the height of the Spanish property bubble - on 30 April 2004 - Fadesa floated 33% of its capital on the Madrid Stock Exchange with the company valued between 1.2 and 1.4 billion euros.[2]

Sponsorship

From 2001 to 2008 Fadesa was the shirt sponsor of the Spanish football club Deportivo de La Coruña. They also sponsored Intervíu Fadesa (futsal), Ayamonte CF (football) and Ceuta-Fadesa (sailing).

See also

References

  1. ↑ "Concurso Voluntario Autos 408/2008 Martinsa Fadesa, S.A." (PDF) (in Spanish). Juzgado de lo Mercantil nº 1 de A Coruña. 2008-12-01.
  2. ↑ "Fadesa sale a bolsa el día 30 a un precio por título de entre 11 y 12,6 euros" (in Spanish). El País.

External links

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