Slim's firm buys over $560 mn in real estate

Barcelona, Dec 19 (IANS/EFE) The Spanish unit of real estate group Carso, which is owned by Mexican billionaire Carlos Slim, purchased 439 properties for $563.7 million from Spain's CaixaBank, the Spanish financial institution said in a filing with stock market regulator CNMV Tuesday.

Dec 19 2012, 1:04am CST | by

Slim's firm buys over $560 mn in real estate
Photo Credit: YURI CORTEZ, Getty Images

Barcelona, Dec 19 (IANS/EFE) The Spanish unit of real estate group Carso, which is owned by Mexican billionaire Carlos Slim, purchased 439 properties for $563.7 million from Spain's CaixaBank, the Spanish financial institution said in a filing with stock market regulator CNMV Tuesday.

CaixaBank signed long-term leases, with purchase options, with the buyer for the buildings, which house bank branches.

The financial institution expects to book a gain on the deal.

The buyer, Inmobiliaria Carso, is a unit of Grupo Carso, one of the largest conglomerates in Latin America.

Grupo Carso has interests in the industrial, retail, infrastructure, construction and automotive sectors.

Grupo Carso is owned by Slim, who is ranked by Forbes magazine as the world's richest person.

Slim, a shareholder in CaixaBank, controls, among other companies, telecom giant Telmex.

--IANS/EFE

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<a href="/latest_stories/all/all/8" rel="author">Luigi Lugmayr</a>
Luigi is the founding Chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.

 

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