Spain’s Metrovacesa insists on Gecina spin-off

Spanish property company Metrovacesa (MVC.MC) said on Monday it would insist French real estate group Gecina (GFCP.PA) implements a spin-off plan agreed between the two companies in February last year. On Friday, Gecina said it had suspended plans to split from key shareholder Metrovacesa pending execution of a bank-led restructuring of the indebted Spanish property firm. The [...]
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