PIE Events
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14 February 2012
Stockholm
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22 February 2012
London
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03-04 May 2012
Vienna, Austria
Spain's Colonial eyes normal business after E4.9bn recapitalisation
The E4.9bn financial restructuring of Spain's struggling property group Inmobiliaria Colonial, including up to E3bn new equity, should allow it to cut debt in half and trade forward as a normal real estate going concern, CEO Pere Vinolas told PIE in an interview. The move by Chairman José Brugera to take charge at French REIT SFL also brings greater oversight to an affiliate that holds over half of Colonial's E7bn in assets.