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RE Rumor Mill: Cajamar, Primark, Jade Enterprises

By Kaitlin Ugolik (June 10, 2014, 5:46 PM EDT) -- Spanish banking co-operative Cajamar Caja Rural is reportedly poised to sell its property management unit to a group of U.S. investment firms including Apollo Global Management LLC and Cerberus Capital Management LP. Reuters reported that the banking group's property management unit could be worth more than €200 million ($272 million). Apollo and Cerberus have reportedly been very active in bidding for Spanish real estate management platforms in recent months. Spanish banks have been selling off these businesses as the result of a long housing market downturn in the country, according to Reuters....

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