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Bankia set to announce deal with Lim over Valencia purchase

Logotipo de AS AS 03/06/2014 Conrado Valle
Peter Lim. © Proporcionado por AS Peter Lim.

A deal for Peter Lim’s purchase of Valencia is close to completion. An agreement in principle has been reached between Bankia and Meritom, the company owned by Lim, and will be announced in the coming hours.

Lim will take over 70% of the shares belonging to the Fundación VCF after finalising conditions with Bankia for the payment of the club’s debts to the financial entity.

The Singapore businessman’s arrival at the Mestalla now awaits approval by the Fundación VCF and Valencia’s Assembly of Shareholders.

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