AYCO Cuts In Loss & Signs An Agreement With Sareb

26/08/2014 – Expansion

The property manager reduced its loss in the first half of 2014 by 16.5% to €2.85 million. At the same time, AYCO made €2.14 million and came to an agreement with Spain‘s bad bank, Sareb, on converting its loan into a participatory one. Thereby, the firm will dodge liquidation.