PropertyEU

Sacresa borrows EUR 2 bn to finance Metrovacesa bid

By A staff reporter 2007-02-14T00:00:00

Spanish Sacresa is borrowing EUR 2.1 bn to fund the increase of its stake in Metrovacesa, an undisclosed financial source has told the news agency Bloomberg. Sacresa's owner, the Sanahuja family, raised its stake in Spain's largest property group Metrovacesa to 39.6% last year.

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