Bloomberg News

Spain Plans 30 Billion Euros in Asset Sales, Europa Press Says

July 04, 2012

Spain plans to raise as much as 30 billion euros ($37.7 billion) from the privatization of state assets, Europa Press reported, citing unidentified government officials.

Assets to be sold include Aena Desarrollo Internacional SA, Renfe Operadora SC and the hotel chain Paradores de Turismo de Espana SC, Europa Press said. Revenue from the sales will be used to reduce debt, not deficit, the news service said.

The plan will probably be approved before August, Europa Press reported.

To contact the reporter on this story: Sharon Smyth in Madrid at ssmyth2@bloomberg.net

To contact the editor responsible for this story: Andrew Blackman at ablackman@bloomberg.net


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