The Vatican has completed the sale of a building in London at the center of the financial scandal over alleged misuse of donations.
The building was purchased for 350m euros (amount paid between 2014 and 2018) transferred to private equity firm Bain Capital for approximately 215m euros (£186m).
The outcome of the operation was communicated by the Heritage Administration of the Apostolic Cathedral (APSA), which said the loss recorded between the purchase and sale of the property was covered by the Foreign Minister’s reserves without affecting Óbolo. Fundraising system from the Catholic Church, de São Pedro.
“In September 2021, APSA received a first round of 16 offers subject to due diligence in consecutive months, followed by a second round of three offers. Operation progressed in recent months with buyer selection and finally purchase contract and sale,” he says. agency.
The building is at the center of a pending lawsuit in the Vatican Courts as it will be purchased with Obolo funds, which are often used for charity. The case has already led to the resignation of the powerful Cardinal Angelo Becciu as governor of the Congregation for the Cause of Saints.
At the time of the building’s purchase, Becciu was “number 2” of the Vatican Secretariat of State, the main archive of the Roman Curia and director of the Obolo de San Pedro. He denies using donations to buy property.
source: Noticias
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