PropertyEU

Banks to take 54% stake in Metrovacesa

By A staff reporter 2008-12-03T00:00:00

Metrovacesa's majority shareholder, the Sanahuja family, is to give creditor banks a 54% stake in the Spanish real estate giant in a debt-for-equity deal. The Sanahujas, owner of more than 80% of Metrovacesa, said earlier on Tuesday in a regulatory filing that they were in 'advanced' talks with the banks. ...

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