BBVA sells most of real estate business to Cerberus for 4 billion euros – Reuters


Reuters

BBVA sells most of real estate business to Cerberus for 4 billion euros
Reuters
The BBVA real estate assets included in the deal have a gross book value of some 13 billion euros, Spain's second largest bank said in a statement. BBVA said the whole portfolio was valued at 5 billion euros, with the price involving a discount of 61.5
BBVA Agrees to Sell 80% of Spain RealEstate Business to Cerberus for About EUR4 Billion — UpdateFox Business
Spain's BBVA sells 80 pct of real estate business for 4 bln eurosNasdaq
BBVA sells bulk of real estate business to Cerberus, highlighting Spanish housing reboundFinancial Times

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