(AFX UK Focus) 2008-12-04 11:00 UPDATE 1-Metrovacesa shareholder swaps 54.75 pct for debt (Interactive Investor)

Posted on December 4, 2008
Filed Under Creditor |

MADRID, Dec 3 (Reuters) - Metrovacesa’s core shareholder, the Sanajuha family, confirmed on Thursday they have reached a debt-for-equity deal with creditor banks who will take a 54.75 percent stake in the Spanish property firm. The family has outstanding debt of 2.090 billion euros on Metrovacesa with the group of banks involved in the deal, which values the stake at a premium of 7 euros per …

Source:(AFX UK Focus) 2008-12-04 11:00 UPDATE 1-Metrovacesa shareholder swaps 54.75 pct for debt (Interactive Investor)

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