Friday, 1 August 2014
Last updated 16 hours ago
Oct 4 2013 | 10:59am ET
Spanish construction company Sacyr is selling its property unit—and hedge funds are seen as the most likely buyers.
Sacyr put Vallehermoso up for sale on Tuesday. Reuters reports that it is drawing interest from hedge funds that are also seeking to buy the property-management division of Spain's capital-starved banks.
Sacyr, which merged with Vallehermosa 10 years ago, said in June that it had held talks about the sale with hedge funds and other companies.
Vallehermosa owns primarily undeveloped residential land.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…