Realia Closes the Sale of SIIC de Paris to Eurosic

Yesterday, the parties finally signed the contract on transfer of the 58.95% stake in SIIC de Paris in hands of Realia to Eurosic for €559 million.
The sale will allow the real estate company controlled by FFC and Bankia to cut in the total, €1.03 billion indebtness due to injection of €489 million in the French branch and a €544 million paid for cash generation.
 
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Translation: AURA REE

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