PropertyEU

Metrovacesa posts net loss of EUR 880m in 2009

By A staff reporter 2010-03-08T00:00:00

Spain's largest property company, Metrovacesa, reported net losses widened to EUR 880 mln in 2009 mostly due to hefty writedowns of the value of its assets. A year ago, the company reported a loss of EUR 738 mln.

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