Santander in EUR 458m sale-and-leaseback deal with Ortega

By A staff reporter 2007-11-15T00:00:00

Spanish financial giant Banco Santander confirmed that it has sold 10 historic properties to Grupo Pontegadea, the investment vehicle of Inditex chairman Amancio Ortega. The investment volume comes to EUR 458 mln. The bank added that the transaction will generate capital gains of EUR 216 mln. The Spanish lender has ...

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