CaixaBank sells 439 branch offices to world's richest businessman
Wednesday, December 19, 2012 @ 2:24 PM
CAIXABANK has sold a property portfolio to Mexican tycoon Carlos Slim for 428.2 million euros. Officially the richest man in the world in the last three years according to the Forbes List, Slim has close business ties with the Spanish entity and a subsidiary of one of his companies, the estate agency Inmobiliaria Carso, has bought 439 of the CaixaBanks's branch offices. The bank has signed a contract giving it the option to buy the offices back if it is able and willing to do so in the future, and has earned 200 million euros in gross capital gains as a result.
Read more at thinkSPAIN.com