PropertyEU

Nozar, Portillo to sell Colonial stakes to creditors

By A staff reporter 2008-04-04T00:00:00

Nozar, the investment vehicle of the Nozaleda family, is selling a 7% stake in Colonial to the banks of the troubled Spanish company. Nozar, which has a 12.25% stake in Colonial, is selling the assets to cut down a EUR 460 mln of debt it holds with Natixis, RBS, Gaesco, ...

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