Vatican Takes Huge Loss in Sale of London Building Purchased with Peter’s Pence Funds

The Vatican said on Friday it had completed the sale of the luxury London building at the centre of an ongoing corruption trial, taking an estimated hit of about 140 million euros.

The building was sold for 186 million pounds ($223.6 million) to Bain Capital, a Boston-based private investment firm, a Vatican statement said.

Friday’s statement did not give a definitive figure for the loss but a person familiar with the various transactions over the years said it amounted to slightly more than 140 million euros.

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