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The South Korean Fund Samsung SRA Launches an Offer for Intu’s Stake in Xanadú

The company has submitted an offer to acquire 50% of the Madrid shopping centre from the British firm that filed for bankruptcy just over a week ago.

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The entry into bankruptcy of Intu Properties on Friday 26 June with debt amounting to €5 billion has caused some companies to accelerate their plans to acquire the two assets owned by the British company in Spain, specifically, 50% of the Intu Xanadú shopping centre, in Madrid, and 100% of the Intu Costa del Sol project in Málaga.

The latest company to express its interest in taking over the Xanadú shopping centre is the South Korean investment fund, Samsung SRA Asset Management, as reported by EjePrime.

Read the full article in Spanish.

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