MADRID (Thomson Financial) - Spain's Grupo Globalia is in 'advanced talks' to sell affiliate Century 21 to US Cendant Corporation for an undisclosed sum, Expansion reported, citing unnamed sources close to the operation.
The operation could be closed within weeks, the newspaper reported.
Nevertheless, the sources told Expansion that the 'difficult situation in the [real estate] market and Century 21's losses are going to make the selling price not very high.'
