Sareb suspends the sale of its housing developer after the assist of the PSOE to rethink the operation | Companies | EUROtoday

Javier Torres, president of Sareb.

Sareb has determined to quickly halt the sale of its actual property developer Árqura, in an operation valued at round 800 million. This was reported by the Asset Management Company itself from the Banking Restructuring in a quick assertion despatched this Friday.

The determination comes after the PSOE supported final week within the Congress of Deputies a non-legal proposal introduced by Sumar through which the Government – made up of those two political events – was urged to rethink the sale of Árqura.

As revealed Five DayThis week, the socialist determination to assist this reconsideration within the switch of the promoter sowed confusion amongst round twenty traders within the operation who had beforehand signed a confidentiality letter and who had till February to current a suggestion.

“Sareb’s governing bodies have made the decision to temporarily suspend the Árqura sale process and, consequently, to postpone the deadline for the submission of non-binding offers by potential investors,” Sareb says within the transient assertion. despatched to the media. “The decision has been made based on the recommendation of the operation’s financial advisor. Sareb will now open a period of analysis and review of the operation, the conclusions of which will be communicated to investors as soon as possible.”

Sareb, an entity chaired by Javier Torres, had been engaged on this operation for greater than a 12 months and has monetary recommendation from the consulting agency Deloitte, which is in control of receiving attainable bids and designing the method.

[Información en elaboración]

https://cincodias.elpais.com/companias/2024-12-20/sareb-suspende-la-venta-de-su-promotora-de-viviendas-tras-el-apoyo-del-psoe-a-reconsiderar-la-operacion.html