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2.1

Banco Sabadell resolves litigation with Cerberus over Promontoria Challenger stake

Banco Sabadell has reached a settlement with Cerberus Capital Management to sell its remaining stake in the real estate subsidiary Promontoria Challenger for 115 million euros. This agreement concludes ongoing legal disputes between the two entities regarding the asset's management and ownership structure.

Expansiónabout 12 hours agoESCredibility 27%View source

Score Breakdown

Mosaic Score2.1
Confidence0.9
Significance0.1
Source credibility0.3

Intelligence Tags

#banking#m&a#real estate#litigation#sabadell

Locations

Madrid
Source

Related signals

8 found