Lone Star assigns Alberto Prieto to direct Caixabank's business

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

The American fund Lone Star has chosen Alberto Prieto, an experienced manager of the real estate sector, to manage the business linked to the brick acquired from Caixabank. The Catalan entity formalized at the end of December the transfer of 80% of a new company called Coral Homes, which includes Servihabitat servicer and other real estate business of the bank, which retains 20% of the company. The transaction price reached 3,974 million euros, which corresponds to a current valuation for 100% of the company of 4,967.5 million.

Prieto ceased his two positions of responsibility last December to join the Lone Star project. Specifically he left his position as real estate director of BDO, a consultant who arrived in September 2016 after having been general director of Knight Frank in Spain. since 2011. The executive also resigned as independent director of Neinor Homes, the listed housing developer, driven precisely by Lone Star in 2015.

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

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