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The real estate company AYCO increases its losses in 28% and negotiates with Sareb its financial debt.
The real estate group registered losses of 7,29 million Euros until the 30th September, 28% more than the ones registered last year. The company did not register any earnings as “it had not carried out any sale operations of registered stocks”. Ayco, who at the end of 2012 overcame its pre-bankruptcy situation and has become a Socimi, has a short term debt of 152 million Euros and continues negotiating the restructuring of credits with Sareb, that represent 67,9% of its financial liability.