Brief: Metrovacesa Notifies Related Party Transaction Carried Out By Metrovacesa Group With BBVA

Metrovacesa SA

02/12/2022 15:39

Dec 2 (Reuters) - Banco Bilbao Vizcaya Argentaria SA
 BBVA.MC :
    * NOTIFIES RELATED PARTY TRANSACTION CARRIED OUT BY
METROVACESA
GROUP WITH BBVA AS RELATED PARTY, FOR HAVING EXCEEDED,
CUMULATIVELY AND IN AGGREGATE, THRESHOLD OF 2.5% OF ANNUAL
AMOUNT OF TURNOVER
    * BBVA IS SIGNIFICANT DIRECT AND INDIRECT SHAREHOLDER OF
METROVACESA
    * TRANSACTION RELATED TO DEVELOPER LOAN FOR THE BLUE VIEWS
REAL
ESTATE DEVELOPMENT (MANILVA) IS BELOW 11 MILLION EUROS
(ESTIMATED 10.5 MILLION EUROS)
    * TRANSACTION RELATED TO LINE OF GUARANTEES FOR AMOUNTS
DELIVERED
ON ACCOUNT AND TECHNICAL GUARANTEES FOR MEDBLUE REAL ESTATE
DEVELOPMENT AMOUNTS TO ABOUT 5.5 MILLION EUROS
    * TRANSACTION RELATED TO CONFIRMING CONTRACT FOR PAYMENTS
ASSOCIATED WITH  WORK ON MEDBLUE REAL ESTATE DEVELOPMENT IN
MANILVA (MANILVA) IS ABOUT 7.4 MILLION

Source text for Eikon:  ID:nCNMcd3WDR 
Further company coverage:  BBVA.MC 
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