Slim's firm buys over $560 mn in real estate

Last Updated: Wednesday, December 19, 2012 - 12:37

Barcelona: The Spanish unit of real estate group Carso, which is owned by Mexican billionaire Carlos Slim, purchased 439 properties for USD 563.7 million from Spain's CaixaBank, the Spanish financial institution said in a filing with stock market regulator CNMV Tuesday.

CaixaBank signed long-term leases, with purchase options, with the buyer for the buildings, which house bank branches.

The financial institution expects to book a gain on the deal.

The buyer, Inmobiliaria Carso, is a unit of Grupo Carso, one of the largest conglomerates in Latin America.

Grupo Carso has interests in the industrial, retail, infrastructure, construction and automotive sectors.

Grupo Carso is owned by Slim, who is ranked by Forbes magazine as the world's richest person.

Slim, a shareholder in CaixaBank, controls, among other companies, telecom giant Telmex.


First Published: Wednesday, December 19, 2012 - 12:37

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