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13 February 2012

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Spain's Santander said eyeing Metrovacesa to build Europe's largest property group

Spain's Banco Santander may be set to take control of the nation's largest listed property group Metrovacesa, struggling with a mountain of debt and a deep sector downturn. The bank may be planning to bring it together with Reyal Urbis, and Gecina in France to create the first-ranked European property company, at around e34bn asset value.

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