PropertyEU

Reyal, Urbis set to merge via a 13-for-5 share swap

By A staff reporter 2007-02-15T00:00:00

The boards of Spanish property companies Reyal and Urbis have approved at an exchange rate of 13 Reyal shares for every 5 Urbis securities, the two groups have told the Spanish stock market regulator CNMV.

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