OHL and of the Villar Mir sold the half of the project Canalejas by 225 million – Reuters Spain

MADRID (Reuters) – OHL said Thursday it has agreed to sell along with Grupo Villar Mir 50 per cent of its real estate project Canalejas in Madrid for 225 million euros to the society Mohari, whose main shareholder is billionaire Mark Scheinberg and founder of the online company PokerStars.

OHL sold in the framework of this transaction, the 17.5 per cent of Canalejas, and you will receive as a counterpart 78,75 million euros. The construction company said that the transaction will generate a capital gain of approximately € 29 million.

The closing of the sale is subject to the prior fulfilment of a number of conditions precedent and is expected to be realized in the next few weeks.

The sale of Canalejas is part of a series of sales of assets that the construction company wants to enter approximately 300 million euros.

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