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Rivero said buying back Bami stake from Gecina
Joaquin Rivero, a major shareholder in French REIT/SIIC Gecina and its former chairman, is to buy back the 49% of Spanish company Bami which he had the group purchase last year for E108m, Reuters reported. Bami is majority owned by himself and long-time business partner Bautista Soler. The stake's purchase was voted down by Gecina shareholders at its annual meeting two weeks ago. (See upcoming PIE Editions for full story)