18/06/2014 – Expansion
Real estate company Renta Corporación is negotiating with various international funds on giving them the green light to acquire minority holidings in its capital. David Vila, the firm´s CEO said “the odds of cooperation are high, yet there is nothing sure”.
Renta is awaiting judicial confirmation of getting out from the bankruptcy state as it had finally managed to obtain support from its lenders. Meanwhile, the firm is already planning coming back to normal investment activity, suspended for several years. During that time, Renta Corporación would rather take the role of an advisor or an intermediator accompanied by another investor.
From now on, the company´s strategy will assume both individual and joint investment with €10 million raised for the purchases.
Original article: Expansión (by Marisa Anglés)
Translation: AURA REE