Astroc poised to take over Landscape, Rayet Promocion

By A staff reporter 2007-06-05T00:00:00

Spanish real estate developer Astroc Mediterraneo is studying a merger with Landscape Promocions Immobiliaries and Rayet Promocion, ceo Juan Antonio Alcaraz Garcia said. The company's board has asked Alcaraz Garcia to 'initiate' the process for a merger with the two companies, in which Astroc currently owns about 50%.

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