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Cerberus plans to merge Haya with Divarian in June
03 May 2019 | Vanessa Sousa

A new strategy from American fund Cerberus was announced. The merge of its companies, Haya Real Estate and Divarian Propiedad is on the table and, if it becomes a reality, should be concluded in one month, according to Property EU.

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If this operation becomes a reality, the combined portfolios should rise to 49.000 million euro in assets under management.

Divarian Propiedad was created in the last quarter of 2018, by Cerberus (which controls 80% of the company) and bank BBVA (which manages 20% of the company), with the intent of buying real estate assets from the BBVA. Haya Real Estate, on the other hand, is dedicated to managing financial assets in Spain.