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 Spains bad bank, Sareb, on converting its loan into a participatory one. Thereby, the firm will dodge liquidation.

 

Original article: Expansión

Translation: AURA REE

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