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Illa Effect

Gimeno Obvious Rush to Sell to Sell 2016 Expires

The former president of El Corte Inglés, Dimas Gimeno is willing to sell his indirect stake in that company to the Álvarez sisters daughters of the late Isidoro at half price.

Gimeno’s obvious rush to sell is not only influenced by the fact that its indirect participation does not give it any decision-making capacity in El Corte Inglés. More important is your delicate financial situation.

In deferment in the payment of the Inheritance Tax (after the death of Isidoro Álvarez) that he obtained in 2016 expires in 2021. But, five years have not been enough for Gimeno to reach the expiration of the extension with minimal guarantees that he will be able to disburse what claimed by the Community of Madrid.

The former president of El Corte Inglés, Dimas Gimeno, is willing to sell his indirect stake in that company to the Álvarez sisters (daughters of the late Isidoro Álvarez) at half price.

Gimeno’s obvious rush to sell is not only influenced by the fact that its indirect participation does not give it any decision-making capacity in El Corte Inglés. More important is your delicate financial situation.

In deferment in the payment of the Inheritance Tax (after the death of Isidoro Álvarez) that he obtained in 2016 expires in 2021. But, five years have not been enough for Gimeno to reach the expiration of the extension with minimal guarantees that he will be able to disburse what claimed by the Community of Madrid.

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