Colonial raises EUR 1bn from sale of FCC, SFL stake

By A staff reporter 2009-01-16T00:00:00

Spanish troubled property company Colonial said that it has raised EUR 1.043 bn from the sale of a 14.31% stake in construction group Fomento de Construcciones y Contratas (FCC) and a 30.56% interest in France's Societe Fonciere Lyonnaise. The capital will be used to pay down its EUR 7 bn ...

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