We offer all the tools necessary for landing the full scope of business you really deserve.
Feel free to call us: +34 617 369 878

Brussels Authorises Creation of Real Estate JV By Sabadell and Oaktree

Posted by: In: Real Estate 12 Jun 2018 Comments: 0 Tags: , , , , , , , , , , ,
.

11 June 2018 – Europa Press

On Friday, the European Commission approved the creation of a joint venture in the real estate sector by Bitarte, a company belonging to the Banco Sabadell group, and the US company Oaktree Capital Group Holdings.

The creation of this joint venture, which will be dedicated to the identification, acquisition, development and commercialisation of residential plots in Spain, does not represent a problem for the competition authorities due to its limited impact on the structure of the market, according to a statement issued by Brussels.

In this way, the operation has been approved by virtue of the European rules governing concentrations and has been examined under the framework of simplified control procedures, which is used by the EU executive in less complex competition cases.

Bitarte owns real estate assets under development, whilst Oaktree Capital Group is a global company specialising in management and specifically in loan and financing strategies.

Original story: Europa Press

Translation: Carmel Drake

The post Brussels Authorises Creation of Real Estate JV By Sabadell and Oaktree appeared first on Aura Real Estate Experts.

Source:: AURA Real Estate Experts

LinkedInFacebookTwitterGoogle+PinterestShare

Leave a Comment!

Your email address will not be published. Required fields are marked *