PIE Events
- German Property Breakfast
14 February 2012
Stockholm
- Distressed Property Breakfast
22 February 2012
London
- Central and Eastern Europe Real Estate Conference
03-04 May 2012
Vienna, Austria
Spain's Sanahuja family swap 54% of Metrovacesa equity against bank debt
Metrovacesa, Spain's largest listed property company by assets struggling under a reported debt load of around e7bn, has come to an agreement for creditor banks to take a 54% stake in exchange for debt, according to the principle shareholding Sanahuja family. Each of Santander, BBVA, Banco Popular and Banesto, La Caixa and Caja Madrid, will take a 9% stake.