Announced
Completed
Financials
Sources
Tags
Spain
residential housing development
Real Estate Holding and Development
Acquisition
Minority
Private
Private Equity
De-SPAC
Domestic
Completed
Friendly
Single Bidder
Synopsis
Sareb, the bad bank of the Spanish government, completed the acquisition of a 10% stake in Árqura Homes, a real estate investment company, from Värde Partners, a private equity firm. Financial terms were not disclosed. The repurchase operation will allow Sareb to gain control of 100% of the capital (Árqura Homes) and go ahead with the planned development of 17k homes throughout Spain, in whose residential housing development activity it is expected to invest a total of €2.2bn.
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