Cerberus takes majority stake in BBVA's real estate business
Cerberus Capital Management LP has acquired a majority of BBVA's real estate business in Spain. No financial terms were disclosed. The real estate business is now known as Divarian. Cerberus will hold an 80 percent stake in Divarian while BBVA will hold the remaining 20 percent stake.
15 October 2018•3 mins read
