Spain’s Metrovacesa insists on Gecina spin-off
December 23rd, 2008 — barcelona apartments
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 [...]