Inmocaral seeks merger partners for SFL

Spanish property group Inmocaral is in talks with two companies in relation to a merger with its French unit Societe Fonciere Lyonnaise (SFL), Spanish daily La Gaceta reported. Citing Inmocaral's ceo Luis Portillo, the newspaper said Inmocaral is considering the possibility of expanding its French business prior to selling a 15% to 20% stake in SFL.

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