Neinor, a Spanish real estate developer, is in advanced talks to acquire its rival Aedas Homes from the US investment fund Castlelake. The proposed deal, supported by Apollo Global Management, values Aedas at approximately €1.1 billion, representing a 14% discount to its market capitalization. Following the acquisition rumors, Aedas shares have fallen sharply, dropping as much as 7%, while Neinor’s stock has risen modestly. Aedas Homes reported a 37.5% increase in net profit to €149.7 million for its fiscal year ending March 2025, with record revenues of €1.156 billion. The acquisition is described as the largest real estate transaction in Spain in a decade and is expected to be finalized within two to three weeks if no complications arise. Meanwhile, other Spanish companies such as eDreams and Antolin have also reported their recent financial results, with eDreams posting a 39% increase in net profit to €45 million and Antolin reporting a net profit of €4.1 million with sales declining by 5.2% to €984.8 million.