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28 May 2012

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Spain`s Metrovacesa insists on Gecina separation

Spain's largest listed property company Metrovacesa is insisting on the terms of a legal

agreement with its French unit Gecina, made in 2007, to separate equity and business activities completely, alongside an agreed split of owned assets. A highly opaque three-year takeovertelenovela looks likely to enter its fourth year.

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