Radar > 220480

Bankia could be finalizing sale of stake in Metrovacesa

Bankia podría estar ultimando la venta de su participación en Metrovacesa

Intel ID : 220480
Synopsis

Bankia could be finalizing the sale of a 19.07% stake in Spain-based Metrovacesa. Specifically, the bank could sell these assets at the end of November beginning of December 2014, for approximately EUR 80m.

Credit Suisse has a mandate to sell, and the buyers could be foreign funds interested in entering the Spanish real estate sector.
(content in spanish)

Bankia podría estar ultimando la venta del 19,07% que mantiene en la sociedad española Metrovacesa. En concreto, podría desprenderse de la entidad a finales de noviembre o principios de diciembre de 2014 por un importe aproximado de EUR 80m.

El mandato de venta lo tiene Credit Suisse, y los compradores podrían ser fondos extranjeros interesados en entrar en el sector inmobiliario español.

Target

Seller


Intel ID 220480
Value EUR 80,00m (Approx.)
Native Currency Euro (EUR)
Financial Data - Metrovacesa
(31 Dec 2015)
Revenue: EUR 167,69m
EBITDA: EUR 31,34m
Net Debt: EUR 7.594,28m
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Target

Name
Subsector (Old TTR Sectors)
Real Estate and Construction / Real Estate (Primary)
Primary Sector (TTRSC)
25.03.03 Real Estate Services
25 Financial Services / 25.03 Real Estate

Country
Website
Description

Seller

Name
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.99 Other Banking & Investment
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Radar

Date Title Type Intel Grade Country Subsector  
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Mergers & Acquisitions

Date Target Country Buyer Seller VALUE (EURm) Subsector    

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.