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Sabadell Chooses Solvia & Plans to Launch It on the Stock Market

27/03/2014 – Cinco Dias

The tremendous interest awoken last year among international funds found its reflection in such millionths transaction as the sale of Altamira (Santander) to Apollo, Aliseda (Popular) to consortium of Kennedy Wilson and Värde Partners, Servihabitat (CaixaBank) to TPG or Bankia Habitat to Cerberus. Solvia, Sabadell´s real estate manager, was expected to be the next to change the owner in 2014.

However, the bank decided to rush against the tide and invest in its company with view to future listing. At a recent press conference Josep Oliu, Sabadell´s head officer said that they “conducted profound analysis and chose adequate strategy” and “are considering fresh capital injection (…) to develop Solvia as our spin-off “. (…).

Growing interest in Spanish property also has been expressed by gambling on newly listed Socimis and BBVA´s Anida, put up for sale few days ago.

Moreover, Sabadell´s managing board is weighting up inviting David Martínez to join the team. The Mexican businessman supported the bank several times when it came to capital enlargement. Sabadell considers investing in Mexico as well (…).

 

 

Original article: Cinco Días (Juande Portillo)

Translation: AURA REE