San Jose sells 12% stake in Parquesol for EUR 107m

Spanish property group San Jose has sold a 12% stake in real estate company Parquesol to Labaro for EUR 22.50 per share. The sale, for a total EUR 107 mln, cuts San Jose's stake in Parquesol to just under 51%. In a statement, Parquesol said the transaction was aimed at including long-term partners who can contribute to the domestic and international development of the firm.

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