Acciona not to sell property division

Acciona's chairman Jose Manuel Entrecanales has denied the company has plans to sell its non-strategic assets 'in the short term'. Local press reported yesterday that Acciona has hired the asset management firm Lazard to advise the builder on the eventual sale of non-strategic assets such as Transmediterranea and its property division. According to a press article, the builder would sell the assets to finance its recently acquired 20% stake in peer Endesa for EUR 9 bn.

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