El Corte Inglés places 130 assets for sale to reduce debt

El Corte Inglés places 130 assets for sale to reduce debt

 

In a release, the group specifies that it will charge PwC of «analyzing the possibilities of divestment of the 130 assets» starting this year, namely in terrains, offices, logistic platforms and retail spaces, for a combined area of more than 2 million sqm at an estimated value between 1.500 and 2.000 million euro.

The group’s goal is to «optimise resources and reduce the debt», which surpassed 3.600 million euro at the end of the third quarter, says DV.

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