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Spain's Sacyr to sell Testa to Merlin Properties for $2 bln
June 8, 2015 / 11:19 PM / 2 years ago

Spain's Sacyr to sell Testa to Merlin Properties for $2 bln

MADRID, June 9 (Reuters) - Spanish builder Sacyr said on Monday it had agreed to sell property management company Testa to Merlin Properties for 1.79 billion euros ($2 billion).

In a statement to the stock exchange regulator, the builder said the deal would significantly improve its financial position. ($1 = 0.8865 euros) (Reporting By Sarah Morris; Editing by Ken Wills)

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