Colonial gives banks option to acquire FCC, SFL stakes

Spain's troubled property group Colonial is offering its creditor banks an option to acquire its 15.45% stake in construction group Fomento de Construcciones y Contratas (FCC) as well as its 33% interest in French property firm Societe Fonciere Lyonnaise (SFL). In a statement to the Spanish stock market authorities CNMV, ...

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