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13 February 2012

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Gecina AGM in uproar as shareholders fail to revoke Rivero, Metrovacesa directors

The annual meeting of French REIT/SIIC Gecina, the nation's second largest listed real estate group, ended in uproar last Monday after small shareholders, among other motions, failed to garner adequate votes to revoke the re-nomination of Joacquin Rivero as CEO, as well as directors nominated to the board by Spanish major shareholder Metrovacesa.

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