1. Caja Madrid sold 97 branches and Cerberus Drago Desembre 2010 ELIZA MARTINEZ ENA VALLE
2. Caja Madrid has been sold to Capital and Cerberus Capital Drago 97 branches by an amount close to 100 million Euros, according to financial sources. ELIZA MARTINEZ ENA VALLE
3. The format of the operation will hire-purchase ("sale and leaseback ') for a period of 25 years.Funding has been provided by Banco Santander, La Caixa and Natixis. Cushman & Wakefield has conducted the evaluation of the offices. In the legal field, Gomez Acebo & Pombo and Ashurst has advised the consortium of Cerberus and Linklaters Drago and the financing banks. ELIZA MARTINEZ _ENA VALLE
4. "It gives us great satisfaction being able to close this transaction. Moreover, working with a leading Spanish financial institutions such as Caja Madrid and close a deal to acquire a high quality real estate portfolio has been a very rewarding challenge. ELIZA MARTINEZ ENA VALLE
5. On the other hand , have Cerberus, one of the largest investors in the world, as a partner in this transaction, is of great satisfaction for us and we hope to make more investments in Spain together, "commented a spokesman for Drago. ELIZA MARTINEZ ENA VALLE