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13 February 2012

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Spain's Metrovacesa posts loss in cash and investments

Spain's largest listed property group Metrovacesa posted a e41.5m loss in third quarter against a net profit of e1.1bn last year, driven largely by the devaluation of assets and loss of French unit Gecina. It said that, excluding the separation from Gecina, 3Q08 net profit would have been e43m.

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