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Banco Popular Espanol SA signs agreements with Varde Partners and Kennedy Wilson to sell its property management unit


Friday, 27 Dec 2013 11:46am EST 

Banco Popular Espanol SA:Says on Dec. 27 it proceeded with signing of the agreements with Varde Partners and Kennedy Wilson to sell its property management unit.Says the amount of the transaction ascends to 715 million euros, plus additional 100 million euros of earn-out.Says the sale of the business will generate a capital gain of 710 million euro for the company. 

Company Quote

4.513
0.013 +0.29%
7:48am EDT