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El Corte Inglés reduces its debt to the lowest level in 15 years after closing its agreement with Mutua

The department store group uses the injection of 1,105 million from Mutua to amortize a bond of 620 million euros and the ICO credit of 390 million euros.

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El Corte Inglés reduces its debt to the lowest level in 15 years after closing its agreement with Mutua

The department store group uses the injection of 1,105 million from Mutua to amortize a bond of 620 million euros and the ICO credit of 390 million euros. The group places its liabilities slightly above 2,500 million euros.

El Corte Inglés cuts more than 1,000 million debt at a stroke after closing the most important corporate operation in its history, the sale of 8% of its capital and 50.01% of its insurance subsidiary to the Mutua Group in exchange for of 1,105 million

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