Spanish bank Caixa Cataluna has acquired the remaining 49% stake it did not own in troubled real estate developer Alcala 120. The transaction is taking place as a debt-for-equity swap and totals some EUR 410 mln. The stake was sold by Grupo Silver Eagle, according to Spanish news agency EFE.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
