Valenciana de Viviendas 2010 Owes €140 Mn to Sareb

29/10/2014 – Expansion

Company Valenciana de Viviendas 2010, comprising assets of Banco de Valencia, Salvador Vila, Juan Soler and Planea, has just gone bankrupt with an almost €140 million amount due to the bad bank, Sareb.

Presently, Caixabank is the majority stakeholder of the firm, holding 45% received from Banco de Valencia.

The company’s total liabilities totalled at €170 million at the end of 2013.

 

Original article: Expansión (by A. C. A.)

Translation: AURA REE

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