IRSA to merge real estate, shopping mall units

IRSA to merge real estate, shopping mall units

Corporate & Sovereign Strategy Debt Equity M&A Coronavirus Argentina United States Capital Markets

Argentine real estate developer IRSA Inversiones y Representaciones plans to merge its real estate businesses to improve efficiency and cut costs, a process that will include selling assets for around $100 million to trim debt, company executives said on Monday. The proposal is to merge IRSA, which operates hotels and has a portfolio of land to build mixed-use properties, with its shopping mall and offices vehicle, IRSA Propiedades Comerciales, Daniel Elsztain, CEO of the shopping mall unit, sai

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