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KM Financial Solutions | Spain’s BBVA sells 80 pct of real estate business for 4 bln euros
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Spain’s BBVA sells 80 pct of real estate business for 4 bln euros

28 Nov Spain’s BBVA sells 80 pct of real estate business for 4 bln euros

Posted at 08:51h in News by
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MADRID, Nov 29 (Reuters) – Spain’s BBVA said on
Wednesday it had agreed to sell 80 percent of its real estate
business to U.S. fund Cerberus for 4 billion euros ($5 billion),
one of the largest such deals as investor enthusiasm for Spanish
property returns.

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