Realia Closes the Sale of SIIC de Paris to Eurosic

25/07/2014 – Expansion

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.

 

Original article: Expansión

Translation: AURA REE

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