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Messi's real estate trust debuts in Spain with Sh30bn market cap

Inter Miami CF's Argentine forward Lionel Messi receives his 8th Ballon d'Or award during the 2023 Ballon d'Or France Football award ceremony at the Theatre du Chatelet in Paris on October 30, 2023.
 

Photo credit: Franck Fife | AFP

What you need to know:

  • Messi's wife, Antonela Roccuzzo, is the board's vice-president. The other members of the board are Alfonso Nebot, who runs Messi's family office, and Ramon Adell, who is a board member of Spanish energy company Naturgy NTGY.MC.
  • Spain's government last month said it planned to increase the corporate tax rate paid by real estate investment trusts, which is lower than for other companies.

Madrid

A real estate investment trust owned by Argentine football star Lionel Messi made its Spanish market debut at 57.4 euros per share, giving it a market capitalisation of 223 million euros (Sh30 billion, $232.12 million).