April 15, 2021

Banco Sabadell moves away from the brick and opens the sale process for 100% of the Solvia real estate

Banco Sabadell moves away from the brick and opens the sale process for 100% of the Solvia real estate


MadridUpdated:

Banco Sabadell has started a competitive process for the sale of 100% of the capital stock of Solvia Desarrollos Inmobiliarios, along with a perimeter of land and urban developments managed by this company and owned by the bank, reported on Tuesday the entity in a statement sent to the National Securities Market Commission (CNMV).

The entity aims that the operation be signed during the first half of this year, and for this he is receiving advice from the firm Rothschild.

Sabadell pointed out that «the good situation of the real estate market and the strong demand for investment for the consolidation of the national promotion market »allows you to value the promotion activity through this operation.

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