Madrid-based real estate firm Parquesol has begun debt restructuring talks with its banks. In a statement to the Spanish stock market regulator CNMV on Monday, Parquesol said the negotiations are aimed at adapting 'the company's financial structure of credit to the group's new business plan' which was recently adjusted to take into account the current economic downturn. The company, which was acquired by San Jose Group at the end of 2006, has net debt of EUR 608 mln.
Madrid-based real estate firm Parquesol has begun debt restructuring talks with its banks. In a statement to the Spanish stock market regulator CNMV on Monday, Parquesol said the negotiations are aimed at adapting 'the company's financial structure of credit to the group's new business plan' which was recently adjusted to take into account the current economic downturn. The company, which was acquired by San Jose Group at the end of 2006, has net debt of EUR 608 mln.
