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Metrovacesa takeover
Spanish banking consortium acquires Metrovacesa
05 Dec 2008  |
Friday
09 January 2009
03:02 GMT
A Spanish banking group on Thursday acquired 54.7% stake in Metrovacesa, the troubled real estate conglomerate, from the Sanahuja family, in exchange for cancellation of debt worth €2.1bn ($2.7bn).
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Article tags:
Banco de Sabadell
| Banco Popular
| Banco Santander
| Banesto
| BBVA
| Caja Madrid
| Debt / Fixed Income /Credit
| Mergers & acquisitions
| Metrovacesa