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28 May 2012

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French REIT Gecina's former chairman Rivero said under investigation

Troubled French REIT/SIIC Gecina, France's third largest by assets, may be on its way toward sorting out its disputed corporate governance after shareholders voted down a controversial stake purchase by former chairman Joaquin Rivero of a firm he and a partner owned. Rivero is under investigation by French authorities, another former chairman Antoine Jeancourt-Galignani, told Reuters. (See upcoming PIE Editions for full story)

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