Grupo Santo Domingo commits EUR100m to Spanish developer

Grupo Santo Domingo, which holds a 14% stake in SABMiller, has agreed to inject EUR100m in equity into Spanish real estate manager and developer Inmobiliaria Colonial. The Spanish firm is in the process of restructuring its debt. The capitalization will be at a maximum price of EUR0.50 per share comes with a number of conditions, including that the developer refinances a syndicated loan with a longer tenor. Colonial’s shares closed at EUR0.87 on Wednesday.