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28 May 2012

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Spain agrees to defer E300m Reyal Urbis tax liabilities

Spanish tax authorities have agreed to defer a payment of E300m due from struggling Spanish listed property company Reyal Urbis, the latest move in a huge E4.5bn financial restructuring of the real estate company. Chaired and controlled by Rafael Santamaría, Reyal Urbis signed the credit refinancing agreement with syndicated lenders in mid-May.

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