MADRID (Thomson Financial) - Banco Santander Central Hispano SA is studying selling real estate in a lease-back deal for around 4.0 bln eur to help finance its part of the planned acquisition of ABN-AMRO, El Pais reported, citing the bank's own calculations.
SCH expects to make net capital gains of some 1.4 bln eur on the sale of 44 large buildings and 1,200 offices throughout Spain.
The sale and lease-back plan will continue even if the offer for ABN by the consortium led by RBS is not successful, the newspaper said.
tfn.europemadrid@thomson.com ped/jdy/jfr COPYRIGHT Copyright AFX News Limited 2007. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
SCH expects to make net capital gains of some 1.4 bln eur on the sale of 44 large buildings and 1,200 offices throughout Spain.
The sale and lease-back plan will continue even if the offer for ABN by the consortium led by RBS is not successful, the newspaper said.
tfn.europemadrid@thomson.com ped/jdy/jfr COPYRIGHT Copyright AFX News Limited 2007. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
© 2007 AFX News
