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BRIEF-Sabadell sells its hotel management platform for 630.7 mln euro‍​
October 17, 2017 / 7:12 AM / 2 months ago

BRIEF-Sabadell sells its hotel management platform for 630.7 mln euro‍​

Oct 17 (Reuters) - BANCO DE SABADELL SA:

* ITS UNIT HOTEL INVESTMENT PARTNERS SELLS 100 PERCENT OF HI PARTNERS HOLDCO VALUE ADDED TO HALLEY HOLDCO FOR 630.7 MILLION EURO‍​

* TRANSACTION IS ESTIMATED TO GENERATE NET CAPITAL GAIN OF 55 MILLION EUROS IN THE RESULTS OF THE BANK FOR FY 2017

* TRANSACTION TO GENERATE 22 BASIS POINTS OF COMMON EQUITY TIER 1 (CET1) Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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