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Provider: Reuters Investment Profile
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Provider: Thomson Reuters StreetEvents
$75.00
Provider: Thomson Reuters StreetEvents
$75.00
Provider: Thomson Reuters StreetEvents
$75.00

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Bankia SA Sells Property Management Unit To Promontoria Plataforma SLU


Tuesday, 3 Sep 2013 01:32pm EDT 

Bankia SA announced that on September 3, 2013 it sold its property management unit to Promontoria Plataforma SLU, a company from the investment group Cerberus Capital Management LP. As part of the operation, Bankia SA will transfer its stake in Gesnova Gestion Inmobiliaria Integral SL and Reser Subastas y Servicios Inmobiliarios SA to the buyer. The price of the transaction will depend on the degree of compliance with the business plan and it is estimated to be between EUR 40 million and EUR 90 million.