Wednesday, 4 March 2015
Last updated 40 min 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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…