Colonial posts EUR 2.4 bn loss in H1 2008

By A staff reporter 2008-09-02T00:00:00

Spanish real estate firm Colonial suffered a EUR 2.38 bn loss in the first half of 2008 because of falling asset values amid Spain's housing market crisis and increasing borrowing costs. In a statement, the company said that the asset writedowns were attributable to 'extraordinary impairment losses' for investments in ...

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