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Transaction / Assets Natura TowersSeller MSF Ativos ImobiliáriosBuyer Cofidis€ MM 46.5
Cofidis Acquire Natura Towers for €46.5 Million
25 May 2020 – The French company Cofidis has acquired the Natura Towers, an office complex located in Telheiras, Lisbon. The sale was conducted as part of MSF Ativos Imobiliários’s insolvency proceedings. The firm went bankrupt with debts of 56.3 million euros, much of it to CGD.
Cofidis, which specialises in consumer credit, paid 46.5 million euros for the asset. The French financial services company will install its new Portuguese headquarters in the complex. The move, however, has been temporarily postponed due to the Covid-19 pandemic. The firm began operating in Portugal 24 years ago and has more than 600,000 clients in the country.
The Natura Towers consist of two, eight-floor office towers with a surface area of more than 12,000 square metres. The sale of the asset attracted five bidders, including Värde Partners.
Original Story: Jornal de Negócios – Rui Neves
Translation/Summary: Richard D. Turner