PropertyEU

Colonial to refinance EUR 4.9 bn of debt

By A staff reporter 2010-02-15T00:00:00

The board of troubled Spanish real estate developer Colonial has approved the terms and conditions of a plan to restructure around EUR 4.9 bn of debt. In a statement to the Spanish stock market regulator CNMV, Colonial said that it will continue to negotiate with its creditor banks to receive ...

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